VAT Archives - Page 2 of 3 - Alpha Pro Partners

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 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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With the introduction of VAT in the UAE from 1 January 2018, small business should be well prepared even if they do not reach the registration threshold of AED 375,000. This article discusses a few brief points which should be considered. As many small businesses may not reach the turnover threshold for registration, they would […]

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The UAE Ministry of finance has announced the implementation of Excise tax (also referred to as the “sin tax”) on selective items such as tobacco, energy drinks and fizzy drinks. Such an initiative is in line with the government’s view to diversify their revenues away from hydrocarbons. It is also an easier tax for the […]

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With the UAE introducing VAT from 1 January 2018, there are a number of advanced topics contained in the GCC VAT Framework, which was released in May 2017. These rules will effect small to medium sized businesses and they will need to understand them, in order to apply them accurately. We will be dissecting these […]

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The UAE will be introducing a new “Sin tax” on Tobacco products and energy drinks, which follow the trends of other, developed countries such as the UK who will be implementing similar taxes from 2018. For Business owners this may be a confusing time because with the UAE introducing VAT from 2018, one question they […]

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Confused about how VAT will affect your pocket? Want to know more about the taxes which are coming to the UAE? Will you be paying VAT from your salary and what is the percentage? This article will attempt to dispel any misconceptions that you may have about the new tax to be implemented in the […]

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In a recent survey by Hays, the recruitment specialist, it was found that only 58% of small businesses were not yet ready for the implementation of VAT in the UAE. For many small businesses, this may not be a priority as firms in the region have many other priorities to deal with such as chasing […]

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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 […]

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