Tax Errors and Fines for Construction Sector VAT for construction companies is a complicated subject. The construction sector will be included in the VAT regulations and will attract the Standard rate of 5% VAT. Companies in the construction sector need to plan in advance due to the long-term of their projects. There are complications in Read more about VAT for Construction Companies[…]
VAT Return Filing in Dubai Federal Tax Authority (FTA) has relieved the time duration of the first VAT return filing in Dubai. FTA has given relaxation to the business with regards to the first VAT Return filing as the first VAT Return period is from January 1, 2018, to May 31, 2018, and then quarterly Read more about How to file VAT Return in UAE[…]
VAT Registration in Dubai The Federal Tax Authority (FTA) has urged all businesses sectors to complete their VAT registration for Value Added Tax (VAT) purposes as soon as possible in order to avoid VAT fines and penalties. The FTA confirmed that the online VAT registration process is continuing, and that other businesses who did not Read more about VAT Registration in Dubai Extended[…]
VAT in Dubai From 2018, businesses must start collecting VAT in Dubai UAE. VAT is a form of tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end consumer Read more about VAT in Dubai[…]