The When, Why and How of Issuing a Tax Invoice in the UAE

What is a Tax Invoice A tax invoice is a written or an electronic document which records the details of a standard-rated taxable supply. A VAT-registered person or business must issue an original tax invoice to the recipient of a standard-rated supply of goods or services or a deemed supply of […]

The UAE Economic Substance Regulations – How does it affect you.

The European Union, in March 2019, added UAE in their blacklist of non-cooperative tax jurisdiction, due to which Cabinet of Ministers passed resolution No. 31 of 2019 concerning Economic Substance Regulations. However, thanks to ESR, EU has now removed UAE from the blacklist. Economic Substance Regulations are set in place to […]

What is a Tax Agency and why is it vital for your business compliance?

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  Whether you are new to doing business in the UAE or not, you surely know that there are rules to follow and laws to understand in order to operate your business as smoothly as possible without unnecessary interruption.   The Value Added Tax (VAT) is still relatively new in the […]