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 […]

VAT Registration and Deregistration in the UAE

CZTA blog - UAE VAT registration and deregistration

  After more than a year of the UAE Value-Added Tax (VAT) implementation, it’s now time to determine whether your company needs to deregister from VAT, whether you may deregister or continue being registered with the Federal Tax Authority and keep filing your VAT returns.   Deregistration from VAT   Deregistering […]