In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

A tax advisory firm in the UAE has launched a VAT guide for real estate investors and homebuyers. Dhruva Consultants designed the industry resource as a guide to simplify complex VAT regulations and ...

The Federal Tax Authority (FTA) in the UAE has issued a guide to file tax returns for companies and taxpayers. The form requires taxpayers to report supplies zero-rated supplies, exempted supplies, ...

Dhruva Consultants, a leading tax advisory firm in the Middle East, has launched a VAT Guide to simplify tax compliance for UAE’s construction sector. Designed as a key industry resource, it offers ...

In April 2023, we highlighted in ‘Gulf News’ that the list of non-deductible expenses under the UAE corporate tax law refers to such input VAT that is ‘recoverable’ as compared to the input VAT ...

Dubai, UAE: As the UAE’s real estate sector continues to expand at an unprecedented pace, tax compliance has become a critical challenge for developers, contractors, property managers and home owners.

As the implementation of Value Added Tax (VAT) continues to impact businesses in UAE, many are struggling to navigate the complex regulations and requirements. KARAMA ...

Cryptocurrency mining for residents' personal accounts will not come under the UAE's value-added tax (VAT), the Federal Tax Authority (FTA) said on Tuesday. However, mining cryptocurrency on behalf of ...

Did you know that any tourist in the UAE is eligible for VAT refunds on their purchases? The UAE has made it easy for visitors to claim refunds upon their departure from the country. In 2024, the ...

The Federal Tax Authority (FTA) has unveiled a new VAT refund system designed specifically for e-commerce purchases made by tourists during their stay in the UAE. This system, which is the first of ...