The VAT return fines and penalties in the UAE are considerably high. With the filing deadline fast approaching for the next batch of VAT returns, it’s important to make sure that all VAT returns are accurate, error-free and that all due VAT is paid on time. Continue reading →
UAE VAT Implementation is right around the corner so we’re taking a look at another crucial thing for any business operating under the VAT regime to plan for – Input VAT Recovery.
Input VAT Tax is VAT levied on all taxable inputs of capital goods, raw materials, spare parts, services etc., which a business consumes or uses in its business. Continue reading →