Blog - Page 6 of 8 - Alpha Pro Partners

Accountant in Dubai

The UAE Council of Ministers has adopted Cabinet Decision No.39 of 2017 on Fees for Services Provided by the Federal Tax Authority (FTA) and Cabinet Resolution No.40 of 2017 on Administrative Penalties for Violations of Tax Laws in the UAE. Registration fees Tax registration services and the issuance of an electronic tax registration certificate will […]

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Accounting Services Dubai

In August 2017, the UAE Government released Federal Law No. 8 of 2017 on VAT and within this key piece of legislation article 45 and 46 provides insight into how residential real estate will be treated for VAT purposes. To understand the application of the Law, one must understand how the term “supply” is defined […]

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Bookkeeping Services Dubai

With the release of Federal Law No. 8 of 2017 on VAT, articles 45 and 46 covered the anticipated lists of items of supply which are zero rated and exempt. For the end consumer, the concept of zero rated or exempt supplies would not matter as the supply would not increase the cost of the […]

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Bookkeeping and Accounting firms in Dubai

Since it was announced that the UAE would be implementing VAT from the 1 January 2018 a number of Tax legislations have been issued. These include the GCC VAT Framework, the UAE Tax Procedures law and the VAT Law. However, one piece of key legislation yet to be released (at the time of writing) are […]

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Accounting and Bookkeeping services in Dubai

With the  VAT implementation deadline fast approaching the UAE, businesses are expected to accelerate their process to prepare for VAT. In a country like the UAE where there are no major taxes, there will be challenges that businesses will have to face while implementing VAT. One of the major regional challenges is the lack of […]

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With the coming implementation of VAT in UAE from 1 January 2018, businesses will need the support of VAT experts to successfully manage their preparation as well as on-going VAT compliance. Implementing VAT in a country like UAE where there were no other major taxes has some challenges. Since VAT is a new concept it […]

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In August 2017, the FTA (Federal Tax Authority, the Tax authority responsible for managing and collecting taxes in the UAE) released the anticipated Law 7 of 2017 on Excise tax. This is also known as the infamous sugar tax where tobacco products, energy drinks and carbonated drinks will incur a 50% -100% tax to curb […]

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VAT in the UAE

With the announcement of VAT to be implemented in the UAE from 1 January 2018, many small businesses would be worried about the impact this has on their customers. As many Small businesses are running with low margins, increasing prices through VAT may have a detrimental affect upon their customers. However, there are other things […]

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VAT in UAE

Why should small businesses outsource VAT implementation to experts in the UAE? With the UAE implementing VAT from 1 January 2018 and the recent release of the Tax Procedures law small and medium sized businesses will need to start acting now to prepare. A question they may have is the following, should we outsource this […]

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key-notes-from-the-UAE-tax-procedures-law

Key highlights from the recently published UAE Tax procedures law for small and medium sized businesses The UAE Tax procedures law was released in late July which is the legal document covering the tax procedures in the UAE. Although this is not the detailed VAT Law, nevertheless, it covers many aspects which small and medium […]

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As the eagerly awaited VAT Procedures law and the detail VAT law is subject to review by the UAE Government. There are two sources of information, which can help small, and medium sized businesses in the UAE prepare for VAT. The first is the GCC VAT Framework, which sets out the broad rules in which […]

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With the UAE implementing VAT from 1 January 2018, there are a number of technical concepts which small and medium sized business will need to grasp in order to prepare. One of these concepts is the reverse charge mechanism. The UAE ministry of finance announced that the reverse charging mechanism will be enacted as part […]

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