VAT Archives - 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 […]

Read More

The GCC VAT framework agreement was released on the 3rd May 2017. This is a 33 page document which outlines the outcomes from the resolution of the GGC supreme Council meeting which took place on the 9th – 10th December 2015 for the introduction of VAT in the GCC. The framework is not a document […]

Read More
Accounting Services Dubai

In the UAE, the logistics industry is quite a significant sector given that it is also an important regional hub for air and sea freight. This industry will continue to grow and develop as the UAE economy grows, along with Dubai continuing to be an important international hub supported by large players such as DP […]

Read More
accounting and bookkeeping companies in dubai

Free zones in the UAE account for 33% of non-oil trade in the UAE and large share of small and medium sized businesses. Free zones can be found across the UAE including Dubai, Abu Dhabi and Ras Al Khamiah to name a few. They are also categorised as sea port free zones, airport free zones, […]

Read More
VAT in UAE

The VAT implications for commercial real estate companies are quite complicated given that it spans a number of activities such as purchase of and development of land, sales, leases and property management to name a few. This is further complicated by the fact that many real estate companies being involved in both residential and commercial […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More

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 […]

Read More

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 […]

Read More