Corporate & Commercial>VAT Archives - Fichte & Co Legal

Zero-Rating the Export of Services: A Basic Guide for Service Providers and Consultants

Fichte Legal — Tue, 12 Jun 2018 08:04:52 +0000

Whether to apply zero-rating to the export of services and how to do so, has been a recurring concern amongst businesses in the UAE, especially to those providing consultancy services. Federal Law no. 8 of 2017 on Value Added Tax (“VAT Law”) and Cabinet Decision No. 52 of 2017 on the Executive Regulations of the …

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UAE Shipping Companies Seek VAT Exemption

Fichte Legal — Mon, 14 May 2018 07:43:47 +0000

The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals. The UAE maritime industry is seeking exemption from the value-added tax as industry falters. Maritime Executives in the United Arab Emirates are lobbying the government to reduce new value-added tax obligations, saying they …

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News Update: FTA Publishes Real Estate Guide to VAT Law

Fichte Legal — Sun, 11 Mar 2018 07:30:33 +0000

The Federal Tax Authority (FTA) has published a number of guides on its website to further assist taxpayers to understand the VAT Law for Real Estate, and the Regulations. There have been a few legal issues surrounding the supply of real estate- concerning both commercial and residential properties. Despite the detailed provisions mentioned in the VAT …

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UPDATE: FTA Releases List of Designated Zones

Fichte Legal — Wed, 10 Jan 2018 09:56:15 +0000

The Federal Tax Authority has issued Cabinet Decision no. 59 of 2017 on Designated Zones (“Cabinet Decision”) for the purposes of Federal Law no. 8 of 2017 on Value Added Tax (“VAT Law”). Art. 50 of the VAT Law had initially made references to designated zones, and Art. 51 of the Executive Regulations to the …

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