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Designated Zone in UAE

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

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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 →

Category : Accounting & AuditingTags: , , , , , , , , ,
VAT Registration in UAE

VAT Registration in UAE and its Implication on the Businesses

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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 →

Category : Accounting & AuditingTags: , , , , , , ,