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TRN Number in UAE
The TRN (Tax Registration Number) is a special number for individuals who are registered for value-added tax (VAT) in the UAE by the Federal Tax Authority. The implementation of VAT was an addition in the UAE taxation law implemented on 1st January ...
What are Zero-Rated Supplies in UAE VAT?
The term “Zero-rated supplies” in UAE refers to any taxable supply on which VAT is zero charged. Moreover taxation charged here is based on the nature of supply, despite the goods or services stocked or specified goods or services ...
VAT Refund Scheme on Goods & Services Linked With Expo 2020 Dubai
As the countdown for “World’s Greatest Show” begun, Dubai government has initiated several measures for providing the best of facilities to people visiting here from across the globe. In continuation, FTA (Federal Tax Authority) has ...
Know How of Input Tax Recovery Process in UAE
An input tax is the amount paid by any personal on every purchases made or inward supplies. The major feature of VAT in UAE is recovery of tax paid on inputs where a person can reduce the amount of input tax likely for recovery from tax payable ...
Important Facts About Tourist VAT Refund In UAE?
Imposing value-added tax (VAT) at a standard rate of 5% by the UAE government was a landmark decision to diversify the country’s economy away from oil.Moreover, tourists visiting emirates are eligible for claiming back 85 percent of applied ...
Difference between Commercial Invoice and Tax Invoice
The eminent arrival of VAT has bought a confusion of difference between commercial invoice & tax invoice for some professional tax consultancy services provider which actually is quiet strange. But not to worry, here’s a brief about variations ...
