The FTA has announced that all businesses subject to VAT and Excise Tax must display prices of goods and services inclusive of tax in order to avoid administrative penalties. The FTA called on consumers and service recipients in the UAE to exercise their rights and make sure that the prices displayed on items or services they buy display the total amount of tax charged. Continue reading →
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UAE VAT Administrative and Tax Evasion Penalties
From January 1st, the way UAE businesses conduct their day-to-day operations and the spending habits of residents has seen a major shift as the UAE moves away from tax-free nation by levying a five per cent Value-Added Tax (VAT) on goods and services. Continue reading →