In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

If you have friends or family coming over to visit, you’ll want to share this update with them. Those who visit the UAE for a holiday are able to claim up to Dhs35,000 cashback in tax per trip.

The UAE has introduced a new system for tourists to receive VAT refunds on e-commerce retail purchases in the country. The Federal Tax Authority (FTA) has launched a new VAT refund system for ...

Get comprehensive CT Registration services designed to help UAE businesses achieve full compliance while minimizing disruption to their operations. KARAMA, DUBAI ...

Experts warn that deeper audits, stricter documentation requirements and the rollout of e-invoicing will reshape tax ...

Excluding VAT on virtual asset trades and investments is only one side of it Not just virtual asset trading and investments, UAE's recent VAT rules can also be the booster for custodian services.

Since the rate of VAT will be fixed at five per cent, industry leaders Khaleej Times spoke to said its impact could be negligible, especially if the essential food items are exempted. So it's not ...

(MENAFN- EIN Presswire) EINPresswire/ -- As the UAE's Economic Substance Regulations (ESR) continue to evolve, thousands of businesses are finding themselves confused about classification, ...