by Mansour Sokrab | Jan 6, 2022 | Tax & Compliance
At the end of each tax period, every taxable person in the UAE is required to file a VAT return to the Federal Tax Authority (FTA). Article 64 of the Executive Regulations of the VAT Decree-Law states that the FTA should receive the VAT return no later than the 28th...
by Adel Farouk | Nov 22, 2021 | Tax & Compliance
6 Steps to start a small business in United Arab Emirates. The World Bank has recognized the UAE as one of the least cumbersome countries in which to set up a new business. According to its 2016 Doing Business ranking, United Arab Emirates is ranked 31 out of 189...
by Adel Farouk | Nov 10, 2021 | Tax & Compliance
Tourists VAT Refund Eligible tourists in the UAE are able to request refunds on the Value Added Tax (VAT) incurred on their purchases while there are in the UAE. The planet is the exclusive operator of the tax refund system for tourists which the Federal Tax Authority...
by Mansour Sokrab | Oct 24, 2021 | Tax & Compliance
EXPO 2020 benefits One thing that we will learn from Expo 2020 Dubai is the role collective action plays when it comes to overcoming challenges. With the event being held in the middle of the pandemic, when global economies are struggling, especially with the...
by Adel Farouk | Oct 11, 2021 | Tax & Compliance
Management Consulting Services in Dubai Parker Russel UAE, one of the top professional firms in UAE, offers a wide range of services covering all free zones in UAE to start businesses in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah, and Umm-al-Quwain....
by Adel Farouk | Sep 28, 2021 | Tax & Compliance
Tax Agent Services in Dubai Introduction to VAT in the UAE There is no doubt that VAT in the United Arab Emirates is relatively new for everyone, as it has been imposed in the UAE only since early 2018. Moreover, the notion of a UAE-recognized tax agency was...