How Accounting Services Decrease Overdue Invoices
An overdue invoice means the amount a company should get or pay but has not done so by the due date. If a client buys a product or uses a service, the company sends an invoice showing how much and when to pay. If the client delays or misses payment, the invoice becomes overdue. Companies […]
How Tourists Can Claim Tax Refund in UAE
Since VAT started in the UAE, the Federal Tax Authority (FTA) has made it possible for tourists to get a tax refund. This is done through an electronic system that makes claiming VAT back easy and fast. The goal is to make shopping in the UAE more enjoyable for tourists. Below, we explain the tax […]
Withholding Tax in Oman Explained
Since 2010, Oman has charged direct taxes mainly through Corporate Income Tax and withholding tax. Some companies in the UAE work regularly with partners in Oman. It is important for these companies to understand how withholding tax rules in Oman affect their business dealings. What Is Withholding Tax? Withholding tax means the payer holds back […]
How Retailers Register Under Tax Refund Scheme UAE
The Federal Tax Authority (FTA) helps UAE grow its tourism sector by offering a tax refund scheme for tourists. The government wants retailers to support this goal by joining the tourist tax refund scheme. FTA invites all VAT-registered retailers to take part. Every retailer should know the conditions and steps for joining and following the […]
Procedures to Follow While Making FTA Payment
Every taxable person in the UAE must file VAT returns on time and pay the Federal Tax Authority (FTA) within the given period. FTA issues rules to help people understand the payment process. You must know the steps for planning and making your tax payments without delay. Companies and individuals who ignore the steps may […]
How UAE Nationals Get VAT Refund on New Residences
The Federal Tax Authority (FTA) gives UAE nationals a chance to get a VAT refund when they build a new residence. FTA sets clear rules to help UAE citizens claim back VAT on the money they spend for building their homes. People must know that these refunds are only for building residential houses and not […]
How Tourists Can Claim Tax Refund in UAE
The UAE gives tourists a way to claim VAT refunds on their shopping. The Federal Tax Authority (FTA) makes this possible by using an advanced electronic system. Tourists can now enjoy shopping in the UAE and get part of their VAT back before leaving the country. This makes the UAE a better place for tourists […]
How Retailers Register Under Tax Refund Scheme UAE
The UAE government wants to make shopping easier for tourists. The Federal Tax Authority (FTA) set up the tax refund scheme for tourists in the UAE. This scheme helps tourists get back VAT on their shopping. The plan supports the tourism sector and boosts business for shops. The FTA asks all VAT-registered shops to join […]
Procedures to Follow While Making FTA Payment
Every taxable person in the UAE must file their VAT return in time and make FTA payments when it is needed. People must follow all FTA rules to avoid any penalty. The FTA has set some clear steps that help people to pay taxes properly. People must always plan and act early to stay away […]
How UAE Nationals Get VAT Refund on New Residences
UAE nationals can get a VAT refund after building a new residence. The Federal Tax Authority (FTA) provides special rules for UAE nationals. These rules make it easy for them to claim back VAT paid during the construction of their new homes. People need to know that this VAT refund is only for homes where […]
