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VAT TALK
Today FTA released a new VAT Public Clarification on VAT recoverability on Entertainment Services. This 10 page document clears lot of uncertainty over what expense qualifies as entertainment services and what qualifies as incurred in normal course of business. In the coming week, you will see many articles, bulletins and updates from multiple consultancy houses...
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VATTalk (Value Added Tax) – Awareness Simplified Value Added Tax Talk After super success of VAT Talk 1 and VAT Talk 2 FAME announced VAT Talk 3 with more insights and details on VAT awareness and VAT in UAE. VAT Talk 2 was scheduled on 10th of May in Holiday Inn, Bur Dubai, Embassy District....
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Value Added Tax (VAT) Explained Value Added Tax or VAT is an indirect tax, which is imposed on goods and services at each stage of production, starting from raw materials to final product. UAE is developing a broad framework for the introduction of VAT. As confirmed VAT will be implemented in the UAE from January 1...
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