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February 27, 2022VAT

Frequently Asked Questions – VAT Services in UAE

VAT basics What is VAT? Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold. VAT is charged at [...]

November 14, 2021VAT

Tax audit

What is a tax audit/ Vat audit? Tax Audit is conducted by FTA and is one of the compliance checks or to verify a person’s VAT liability is accurate by way of examining various records which are maintained by the taxpayer. The government assesses a company whether they are following responsibilities that apply to their […]

September 29, 2021VAT

Reclaiming the Input VAT paid before registration

Can we reclaim the Input VAT paid before registration? Yes. The recovery of input tax paid on goods, services and imported goods prior to the date of VAT registration is allowed, only if the goods and services were used to make supplies that give the right to input tax recovery upon tax registration. This implies […]

September 20, 2021Business

Procedures for liquidation of LLC

Procedures for liquidation of LLC Board of Directors meeting The Board of Directors must unanimously decide to close down the company. All Directors must agree to this, the document which specifies this must be attested by a Notary Public. At the meeting, the decision to appoint an approved liquidator must also be taken, and too […]

July 12, 2021Employment

UAE tightens actions against establishments delaying employee wages

UAE tightens actions against establishments delaying employee wages To protect employees’ earnings, the Wages Protection System (WPS) in the UAE has been modified by the Ministry of Human Resources and Emiratization (MoHRE). As per the new resolution, there will be a range of administrative actions against businesses that do not adhere to the WPS’s rules [...]

June 12, 2021Employment

Glance on weekly off system in UAE

A weekly off is a day off granted from the regular workweek. The employee will have a better lifestyle and a positive work-life harmony as a result. Weekly days off gives employees an opportunity to devote more time with their families and improve their social wellness. The implementation of Federal Decree-Law No. 33 of 2021, [...]

August 20, 2020VAT

FAQ on VAT and Real Estate Business

What is a residential building for VAT purposes? A residential building is a building or part thereof that is intended and designed for occupation by individuals, and mainly includes buildings which can be occupied by any person as main place of residence. It does not include: Any place that is not a building fixed to […]

May 12, 2020VAT

Various kinds of Tax in UAE

The United Arab Emirates (UAE) has been one of the foremost appealing destinations for budding firms, mid-sized firms, and major corporations because of its 0% personal income tax as well as a multitude of business permits and operations permitted in the free zones and cheap import tariffs. The UAE government has always made an effort [...]

December 16, 2019Employment

Adding value to Resume: Freelance working

Listing freelance work on a resume is a great way to showcase skills and initiative, but there’s a right and wrong way to do it. Focusing on results proves that your experience brings benefits to prospective employers. Freelance work is an important piece of the puzzle when developing skills. It can also help creatives and consultants generate income […]

April 17, 2019Employment

Answering “Why you want this job?”

One of the most commonly asked interview questions is “Why you are interested in this job/Why you want this job?” Prospective employers are interested in finding out why exactly you’re particularly interested in their company, yet it can be a question that stumps some candidates. If you’re aimlessly applying to roles or simply lost track (both valid […]