What Are the Key Advantages of Hiring VAT Consultants?
As Value Added Tax (VAT) rules get more and more complicated many companies find it hard to follow the rules while also focusing on their main business. Bringing VAT consultants on board can make this job easier in places like Dubai where tax rules change often. Let’s look at the main advantages of hiring VAT […]
VAT Public Clarification VATP037: Directors’ Services by Natural Persons
VAT Public Clarification VATP037: Directors’ Services by Natural Persons profitrackaccounting.com July 1, 2024 Blog,Corporate Tax,Insight,Taxation,VAT Introduction: VATP037 replaces the previous VATP031 to provide guidance on the VAT implications for natural persons performing the function of a Director on a Board of Directors, following the amendment of Article 3 of the Cabinet Decision No. 52 of […]
Understanding Manpower vs. Visa Facilitation Services
Understanding Manpower vs. Visa Facilitation Services profitrackaccounting.com June 27, 2024 Blog,Insight,Taxation,VAT In Dubai, businesses often encounter situations where employment visas are held by one entity while the employees work under the supervision and control of another entity. This creates challenges in distinguishing between manpower services and visa facilitation services, particularly regarding VAT treatment. Definitions and […]
Updates on Tax Refunds for Tourists Scheme: A Comprehensive Guide by Profitrack
Updates on Tax Refunds for Tourists Scheme: A Comprehensive Guide by Profitrack profitrackaccounting.com June 19, 2024 Blog,Taxation,VAT The Federal Tax Authority (FTA) in the UAE has established a robust mechanism for tourists to reclaim Value Added Tax (VAT) on their purchases. Over the years, several decisions have refined the Tax Refunds for Tourists Scheme to […]
