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Considering the uncertainty as to whether a business is entitled to recover the related input tax Input vat recovery on mobile phone, airtime and data packages made available to employees for business use and

The Federal Tax Authority (“FTA”) has recently issued the Reconsiderations User Guide for Registered and Non-registered users to guide them to successfully complete their Reconsiderations form.

In recent years, Organisation for Economic Co-operation and Development (OECD) and G20 countries have been debating significant changes to existing international tax rules that apply to multinational companies and taxation of digital economy. In this regards on July 1st, 2021 an outline for the new rules relating to taxation of digital economy and MNE was released by the Organisation for Economic Co-operation and Development (OECD). 130 countries including members of the OECD and the G20, representing more than 90% of global GDP, joined the Statement establishing a new framework for international tax reform creating momentum to change the century-old international tax system, which is no longer fit for purpose in a globalised and digitalised 21st century economy.

In Recently concluded meeting, Representatives from G-7 countries (United States, Britain, Germany, France, Italy, Japan and Canada) reached a landmark accord to implement Global Minimum Corporate Tax (15%) proposal backed by the Biden administration. This proposal would be limited to the world’s 100 largest companies with revenues of over $20 billion. The proposal would apply to digital services companies as well as to those selling tangible goods.

As we know that the UAE VAT compliance is based on the self-assessment and the responsibility with regards to interpretation and application of tax regulation correctly in

As revenue from the Crude Oil and Hydrocarbons has been deteriorating every passing day and expected to remain low, UAE and other GCC Governments are under immense pressure to reduce their

The UAE Ministry of Economy announced that the amended Commercial Companies Law allowing foreign investors and entrepreneurs to establish and fully own onshore companies will come into

E-commerce generally refers to supplies of goods and services over the internet or a similar electronic network, with goods and services being sourced or supplied by electronic means.

As revenue from the Crude Oil and Hydrocarbons has been deteriorating every passing day and expected to remain low, UAE and other GCC Governments are under immense pressure to reduce their