How VAT goes in the UAE for the past 1year?
With the UAE completing its first year of the implementation of value-added tax (VAT), experts believe that the imposition was smooth, successful and transparent, despite some initial hiccups as it was a first ever-experience for the government.
VAT refunds for UAE exhibitions, conferences
May 12, 2018
The Cabinet has approved a resolution pertaining to Value Added Tax (VAT) on conferences and exhibitions, in line with the government's ongoing efforts to support this sector and to enhance the country's status as a hub for meetings, incentives, conferences and exhibitions (MICE).
The resolution provides for granting the facilities involved in organising exhibitions and conferences the right to refund the amounts levied on providing such services, to guarantee ease of doing business and competitiveness in this sector. It supports, at the same time, the efficient implementation of the tax system, as per the best integrational practices.
Best way to make a VAT payment
May 27, 2018
I filed my VAT return a week ago and have been trying to make a payment ever since without success. I used my GIBAN with a bank account transfer, which was initially transferred but then returned to my bank. I then tried paying through the FTA website payment portal which was also rejected. What is the foolproof method for me to make a payment and what are the costs involved?