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Designated Zone in UAE

What is the meaning of VAT exempted Free Zone in UAE? – Designated Zones in UAE

The Federal Tax Authority (FTA) is the governing body for issuing all guidelines for the Value-Added-Tax registration, return filing, and other general VAT related amendments in UAE. FTA has published a guide on Value Added Tax in Designated Zones. It aims to provide clarity on the way VAT is applied to companies in the Designated … Continue reading

VAT Registration in UAE

VAT Registration in UAE and its Implication on the Businesses

It’s been two years since the VAT is implemented in the UAE. VAT implementation is progressing in the right direction with more companies registering for VAT indicating a positive market scenario. The Federal Tax Authority (FTA) has stated that the number of businesses registered for VAT in the UAE has increased to 312,000 since 2018. … Continue reading