UAE VAT Amendments: Cabinet Decision No. 100

Udit

October 7, 2024

The FTA has introduced an amendment to the Executive Regulations of the UAE VAT law through cabinet decision no.100 of 2024 which is amending cabinet decision no 52 of 2017.

These changes will be effective from 15th November 2024 (unless otherwise specified in the article of this decision)

Key Amendment’s and their implications are discussed below

Financial Services

Article 1 includes definition of Virtual Asset. Virtual Asset are defined as “Digital representation of value that can be digitally traded or converted and can be used for investment purposes and does not include digital representations of fiat currencies or financial securities”.

Article 42- Tax Treatment for financial service

Article 42(2) has been amended to include the following within the definition of financial services,

Providing investment fund management services independently for a fee, for funds licensed by a competent authority in the state, including but not limited to managing fund operations and managing investments for the benefit of the fund or on its behalf and monitoring and improving fund performance;
Transferring ownership of virtual assets, including virtual Currencies;
Conversion of Virtual Assets;
Keeping and managing Virtual assets and enabling control over them

Article 42(3) exempt following financial services from VAT retrospectively from 1st Jan 2018,

Transferring ownership of virtual Assets, including virtual currencies.
Conversion of Virtual Assets

Impact– It brings clarity to the taxation of virtual assets. Investment fund management services, virtual currencies considered as exempt financial services from VAT.

Another important amendment is introducing exceptions for the supply effective from 1st January 2023:

Transfer of ownership or disposal rights of government building between government entities
Transfer of ownership or disposal of real estate asset between government entities
Above also covers the right to use or exploit those assets.

Impact – Significant impact for government entities transactions like transfer, lease of these assets will no longer considered to be supply hence such transactions are not subject to VAT.

Article 5 – Exceptions related to Deemed Supply

Exceptions related to Deemed Supply, now has extended to the following supply as well:

Where both the Supplier and Recipient are either government entity or charitable organization then, up to AED 250,000 for each supplier within 12-month period are also falls under exception to deemed supply.

Impact – Encouraging activities between government entities and/or charitable organizations without the burden of VAT.

Article 14 – Tax Deregistration

Clause 9 has been added which states that deregistration does not absolve a Person from having to comply with the provisions of the Decree-Law and this Decision, including filing another Tax Registration application when the Tax Registration requirements are met.

Article 14 (bis) – Tax Deregistration to Protect the Integrity of the Tax System (Newly Added Provision)

The Authority may deregister a Person for Tax if the Authority determines that maintaining such Tax Registration may prejudice the integrity of the Tax system, provided any of the following conditions is met;

The Registrant no longer meets the Tax Registration requirements

The Registrant has not submitted tax deregistration application to the Authority, or the Registrant has initiated a Tax deregistration application with the Authority but has not completed such application

Article 29-Profit Margin Scheme

In a further effort to clarify VAT calculations, Article 29 has defined “Purchase Price” will include all costs and fees incurred when purchasing goods.

Impact – Clarified that for calculation of profit margin under the scheme, whole cost associated with the acquisition of goods are considered.

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Proof for Export of Goods

Article 30 – Zero-rating the export of goods

FTA Specifies the documents which are required for Zero rating the export of goods. The FTA has clarified that any of the following documents would be acceptable to prove the export as zero-rated supply,

A Custom declaration and commercial evidence proving the export
A Shipping certificate and official evidence proving the export
A Custom declaration providing the custom suspension if the goods are under custom suspension

The clarification provided by FTA for “official evidence” and “commercial evidence”

Official Evidence

A certificate of export issued by the custom in the state or a clearance certificate issued by those authorities or the competent authorities (Exit Certificate) in the state regarding the goods leaving the state after verifying that the goods have left the state, or a document or clearance certificate certified by competent authorities in the destination country indicating that the goods have entered it.

Commercial Evidence

A document issued by shipping or air transport companies or agents proving the transportation and departure of goods from the state to outside the state, including any one of the following documents:

Airway Bill or Air cargo manifest
Bill of lading or Sea cargo manifest
Land transport bill or Land cargo manifest

In amended provision the term “Shipping certificate” has been clarified which states that certificate issued by shipping or air transport companies or agents equivalent to commercial evidence if it is not available.

Summary

Documents required for Zero rating the export of goods (Till 15th November 2024)

Business must require all the documents mentioned below for export of goods

Options	Particulars
Option 1	Exit Certificate, Custom declaration, Airway bill or bill of lading
Option 2	Custom declaration providing the custom suspension if the goods are under custom suspension

Documents required for Zero rating the export of goods (From 15th November 2024)

Business can retain documents based on any of the following option for export of goods

Options	Particulars
Option 1	Custom declaration and Bill of lading or Airway Bill
Option 2	Exit Certificate or Entry certificate of destination country and shipping certificate
Option 3	Custom declaration providing the custom suspension if the goods are under custom suspension

Impact – These clarity helps the exporter to understand the process and documents require for business applying zero rate on exports.

Article 31- Zero-Rated Services

Amendments have also been made regarding the zero-rating of specific services. Services listed in clauses 3 to 8 of Article 30, and Article 31 of the VAT Decree Law will be subject to the standard rate of VAT if the place of supply is within the UAE, even if they are considered exports of service.

Key Services Affected

Installation Services: Related to goods supplied by others, taxed at the place where the service is performed.
Transport Services: Provided to lessees who are not taxable persons, taxed where the means of transport are made available.
Hospitality Services: Restaurant, hotel, and catering services are taxed at the location of service performance.
Cultural and Educational Services: Taxed where the services are performed.
Real Estate Services: Taxed based on the location of the real estate.
Transportation Services: Taxed where the transportation begins.
Telecommunications and Electronic Services: Taxed based on where the services are enjoyed.

Clarifications on Repair and Maintenance Services

Article 35(1)(b) further clarifies VAT treatment for repair, maintenance, and conversion services for means of transport:

Repair Services: If performed onboard the means of transport.
Maintenance Services: Includes inspection, testing, cleaning, and similar services if carried out onboard.
Conversion Services: Should maintain compliance with conditions of Article 34 on post-conversion.

Impact – These clarifications provide a clear understanding of VAT treatment for these specific services, facilitating better compliance and planning for businesses involved in the transport sector.

Article 38- Zero-rating of Buildings Specifically Designed to be Used by Charities

The definition of “Relevant Charitable Activity” has been deleted.

Article 46- Tax on Supplies of More than One Component

When supplies don’t have a principal component, VAT treatment will be based on overall nature of the supply.

Impact – These changes provide clarity on how to treat composite supplies in VAT

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Input VAT Recovery on Health Insurance for dependent

Article 53 – Non-Recoverable Input tax

Allow recovery of input VAT for health insurance, including enhanced health insurance for employees and their dependents within the limit of one spouse and three children under the age of 18.

Nature of Expense	Input tax recovery (Till 15th November 24)	Input tax recovery (After 15th November 2024)
Employee Health Insurance	Yes, business can recover input VAT	Yes, business can recover input VAT
Dependent Health Insurance (Within limit specified)	No, business can’t recover VAT Input tax	Yes, business can recover input VAT

Impact– This amendment relieves businesses, as it allows them to recover VAT on the insurance of dependents.

Article 55-Apportionment of Input Tax

Tax year for the following cases has been amended:

where a Taxable Person applies for Tax deregistration, the Tax year shall end on the last day such Person was a Taxable Person,
where a member joins a Tax Group, the Tax year shall end on the last day before joining the Tax Group, or
where a member leaves a Tax Group, the Tax year shall end on the last day such Person was a member of the Tax Group.

If the tax year is shorter than twelve months, the limit of AED 250,000 mentioned in clause 11 shall be proportionate to the length of such tax period.

Article 58-Adjustments under the capital Assets Scheme

Clause 17 is included in the article which states that the first tax year for a self-developed capital asset is the year it is first used.

Article 59- Tax Invoices

The timeline for issuing Tax invoices has been changed in specific scenarios, such as simplified and tax invoices.
If the tax invoice is a simplified tax invoice (invoice amount up to AED 10,000), the registrant must issue the simplified tax invoice on the date of supply itself.
Business has 14 days to issue the tax invoices (invoice amount over AED 10,000) from the end of the calendar month that includes the date of supply.
Where an agent who is a Registrant makes a supply of Goods or Services for and on behalf of the principal of that agent, that agent may issue a Tax Invoice in relation to that supply as if that agent had made the supply, provided that the principal shall not issue a Tax Invoice, subject to:
- The agent retaining sufficient records in such a manner as to determine the name, address and Tax Registration Number of the principal supplier,
- The principal supplier retaining sufficient records in such a manner as to determine the name, address and Tax Registration Number of the agent

The Authority may specify the cases in which a Tax Invoice must be issued, even if one of the cases provided for simplified tax invoice of this Article applies.

Impact – These updates aim to streamline compliance and reduce penalties

Article 69 – Foreign Governments

The VAT refund request for foreign governments, international organisations, diplomatic bodies and missions must submit within 36 (thirty-six) months from the date the official incurred such Tax or during any other period specified under the provisions of any international treaty or other agreement in force in the State

Impact – This amendment introduced a timeline for foreign governments for applying for VAT refund.

These changes enhance clarity and flexibility for businesses across various sectors. It is an ideal time to review your VAT practices and ensure compliance with the new regulations.

With the recent amendments to the VAT law, it’s crucial to reassess your VAT practices. FAME Advisory can help you navigate the implications.

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Udit

Udit Chokshi is a Taxpert, helping businesses all across the UAE in getting tax audit-ready, streamlining their VAT and accounting processes, and shield them against tax evasion. Being an active listener, Udit absorbs and understands the client’s problem and situation and communicates the facts and solutions honestly.

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September 4, 2024

Effective Date for Checking Taxability of Director Service – 01 January 2023

Basic Rule for Taxability of Directors Service

Director services were Taxable where the Director performed the services on a regular, ongoing, and independent basis, and the total value of taxable supplies and imports made by the Director, not limited to but also including the Director services, exceeded the mandatory registration threshold.

Performing the function of Director on a Board of Directors by a Natural Person

Performing the Function of Director by any person on a Board of Directors was considered as supply of service and was Taxable but as per the new clarification issued by FTA if the performance of a

Director’s function After 01 January 2023 by a natural person in Board of Directors of any government entity or of any private sector entity then performance of those Director’s function will not be considered as Supply of Service therefore will not be Taxable whereas if the Director Service is given by either natural person or legal person to Public Joint Stock entity then it will be considered as supply of service and will be Taxable, also Directors Services Provided Before 01 January 2023 is taxable.

Director’s function means services performed in the formal capacity as Director only which means Only Director services performed by any natural person in the formal capacity as director will not be considered as supply of service for the purpose of VAT and will not be taxable i.e. if any other professional Services are provided by director in individual capacity then it will be considered as supply of Service and will be taxable only when the Director is a Taxable person (i.e. Director is registered under VAT).

If any Director who is not the Resident of UAE providing director Service as above then those services will also not be considered as supply of service. There will be no application of the reverse charge mechanism or need for the natural person to register in the UAE for VAT purposes.

If Services performed as a member of a committee derived from the same Board as above on which the Director serves then such services will also be not considered as supply of service for Vat purpose but other services provided by the member, are considered to be supplies of services for VAT purposes and may be taxable subject to meeting conditions for taxable supplies as stated in the VAT legislation

How will a natural person decide VAT Obligation before January 1 2023 or on or after January 1 2023?

If any natural person provides both director service and other professional service then he will have to check the Date of Supply of director service.

If date of supply of director service is before 01 January 2023 then all services by that natural person will be considered as supply of service and will be taxable if meeting the requirements for mandatory registration

But if date of supply of director service is on or after 01 January 2023 then directors service will not be considered as supply of service and will be excluded from calculating the mandatory registration threshold.

If a natural person is registered for Vat and date of supply for director service is on or after 01 Jan 2023 as a result if that person is not meeting the requirements for mandatory registration any more then such natural person must deregister from VAT.

Taxability of Director Service VS Non-Taxability of Director Service

Sr. No.	Particulars	TAXABLE (All Conditions to be Fulfilled)	NON-TAXABLE (All Conditions to be Fulfilled)
1.	Date of Supply	Date of Supply of Director Service is Before 01 January 2023	Date of Supply of Director Service is On or After 01 January 2023
2	Type of Person	The director is either a Natural Person or a Legal Person	If the Director is a Natural Person (Either Resident or Non-Resident of UAE)
3	Board of Directors	If Director services performed as Director on a “Board of Directors” of a Government Entity or a Private establishment or Any Other Establishment.	If Director services performed as Director on a “Board of Directors” of a Government entity or Private establishment only
4	Type of Service	Any Service provided by the Director- If the Total value of All taxable supplies and imports made by the Director, also including the Director’s services, exceeded the mandatory registration threshold.	AED 10,000 + VAT Only the services performed in the formal capacity as the Director

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How to determine the Date of Supply for Director Services

The date of supply is determined either as per the general rules or the special rules, depending on whether there will be periodic payments or consecutive invoices.

General Rules

Rule No. 1- Normal for supply of Services –

Date of supply shall be the earliest of any of the following dates:

The date on which the provision of services was completed.
The date of receipt of payment or the date on which the tax invoice was issued.

Rule No. 2- Supply of Services for any contract that includes periodic payments or consecutive invoices -

The date of supply shall be the earliest of any of the following dates:

The date of issuance of any tax invoice.
The date payment is due as specified on the tax invoice.
The date of receipt of payment.
The date of expiration of one year from the date the services were provided.

Special Rules for determining the Date of supply for the Board fees paid to Independent Directors-

Rule No. 3 -

If fees for the Independent Directors are not known in the beginning and are determined only upon the conclusion of the Annual General Meeting, the date of supply would be triggered when such fees are known.

Rule No.4 -

If fees for the Independent Directors are known in the beginning then date of supply will be as per Rule No. 1 and Rule No. 2 as above.

Examples for better understanding of Taxability or Non-Taxability of Director Service

Example 1 Natural person performs the function of Director for the calendar year 2022 whereby fees for the services were known at the beginning on 1 January 2022, no payments were released to the natural person during 2022 and no Tax invoices were issued, what will be the Date of Supply in this case? (Refer Rule No.1 & Rule No.4 Above)

In this scenario, the date of supply will be the date of actual completion of the services, and the Director’s services will be considered as Supply of Service and will be taxable regardless of whether payment was made in 2023 or not.

Example 2 The natural person is appointed as Director for 2 consecutive calendar years, i.e., 2022 and 2023. Fees for services to the Board, and any committee derived therefrom, are fixed and known as on 01 January 2022 and automated payments are made on the first business day after the end of each calendar quarter (1 April 2022, 1 July 2022, 3 October 2022, 2 January 2023, 3 April 2023, 3 July 2023, 2 October 2023 and 2 January 2024). It is also agreed between the Director and the entity that the Director issues his/her tax invoice after receipt of the payment, what will be the Date of Supply in this case? (Refer Rule No. 2 & Rule No. 4 Above)

In this scenario, the date of supply will the date of receipt of payment, being the earliest of the dates mentioned in Rule No.2 above. Hence, the payments received on 1 April 2022, 1 July 2022 and 3 October 2022 will be considered as triggering the date of supply for Director’s service which will be considered as a supply of services and will be taxable

But the other payments received on 2 January 2023, 3 April 2023, 3 July 2023, 2 October 2023 and 2 January 2024 will not be considered as Supply of service and will not be taxable because the Date of supply is on or after 01 January 2023.

Example 3 The natural person provide the Director Service for the calendar year 2022 but the fees allocated for that calendar year are only determined after the conclusion of the Annual General Meeting, to be held on 31 March 2023. (Refer Rule No. 3 Above)

In this scenario, the Directors fees was not known on 01 January 2022, the Fees will be known upon the conclusion of AGM on 31 March 2023 despite the fact that the provision of the services may have been physically completed earlier.

Date of supply will be 31 March 2023 which is after 01 January 2023 therefore this service will not be considered as Supply of Service and will not be taxable.

Formal Capacity as Director

Some of the Examples of Director performing the Services in the formal Capacity of Director –

Director Participating in board meetings to take some strategic decisions,
Director Managing the day-to-day affairs of the company,
Director approving the financials or any other documents of the company as an Authorized Signatory Director providing any compliance services in a capacity of director to the company

Some of the Examples of Director performing the Services in Individual Capacity as a professional which will not be considered as Director Performing the Services in the formal Capacity of Director-

Director providing any Professional Services to the company as a freelancer for which issuing Separate Invoices for the Services Rendered.
Director representing the company in a court as lawyer in an individual capacity
Director providing any consultancy services to the company in an individual capacity as a Chartered Accountant.

Enhance your knowledge of taxability of director’s Services Stay updated on UAE Tax regulations with us.

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Udit

Udit Chokshi is a Taxpert, helping businesses all across the UAE in getting tax audit-ready, streamlining their VAT and accounting processes, and shield them against tax evasion. Being an active listener, Udit absorbs and understands the client’s problem and situation and communicates the facts and solutions honestly.

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UAE VAT Amendments: Cabinet Decision No. 100

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VAT Penalties and Fines in UAE: Cabinet Decision No. (49) of 2021 Impact

Udit

June 25, 2024

The United Arab Emirates (UAE) has published Cabinet Decision No. (49) of 2021, which amends Cabinet Decision No. (40) of 2017 on Administrative Penalties for Violations of Tax Law in the UAE. The amendments have came in effect since 28 June 2021.

After the amendments, VAT penalties and fines in UAE have been reduced substantially as compared to the previous legislation.

This article compares the penalties that were applicable previously and the new penalties.

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Below is the comparison between the penalties that were applicable previously and the new penalties.

VAT Penalties and Fines in UAE: Before and after Cabinet Decision No. (49)

Failure to keep required records and other information

The failure of the Person conducting Business to keep the required records and other information specified in the Tax Procedures Law and the Tax Law. Before the amendment, the previous penalty imposed was AED 10000 for the default that happened the first time, and in case of repetition, it would be AED 50,000. After the amendment, the penalty in case of default repeats changed and was reduced to AED 20,000.

For example, in case if a business does not maintain invoices and receipts for sales made in January and June during the year 2024, it would be penalised with AED 10,000 for the first default in January and AED 20,000 for the repetitive default that happened in June.

Failure to inform the Authority of the amendment of tax record information

The failure of the Registrant to inform the Authority of any circumstance that requires the amendment of the information pertaining to its Tax record kept by the Authority. The previous penalty was AED 5,000 for the first time and AED 15,000 in case of repetition. However, in the case of the repetition of default, the penalty has decreased to AED.

For example, a company that moves to a new address but does not inform the tax authority about the change in its official records in 2023 and further changes its shareholders in 2023 would be penalised AED 5,000 for the default of address change in 2023 and AED 10,000 for the default in updating the shareholders' records.

Submittal of an incorrect Tax Return by the Registrant

The penalty for the submittal of an incorrect Tax Return by the Registrant was AED 3,000 for the first time and AED 5,000 in case of repetition. This has now changed to AED 1000 in the case of the first default and AED 2000 in the case of repetitive default.

For example, if a company submits a VAT return showing fewer sales than the actual need, it will be penalised AED 1,000 for the first default in 2023.

Late payment penalty for failure to settle the stated VAT in the submitted VAT return:

Late payment penalties for underpaid VAT as per the voluntary disclosure or tax assessment were 2%-Day after the due date, 4% one week after the due date, 1% per day one month after the due date, and which could go up to a maximum of 300%.

Now, the penalty is 2% a day after the due date, 2% one week after the due date, and 4% per month one month after the due date, which can go up to 300% maximum.

When a business has submitted its VAT return on time but fails to pay the due VAT amount of AED 50,000 by the deadline, it needs to pay 2% of the unpaid tax immediately, i.e. AED 1,000, plus 4% per month up to 300% of the unpaid tax, i.e. maximum up to AED 150,000.

Late payment penalty for underpaid VAT as per the voluntary disclosure or tax assessment

This has significantly changed the percentage of the penalty that would be imposed on the business in case of late payment for underpaid VAT as per the voluntary disclosure or tax assessment. The VAT late payment penalty in UAE before was 5% of underpaid value irrespective of when disclosed. However, the new amendment changed provided that if the error was disclosed in the first year, 5% of underpaid tax value, 10%, 20%, 30% and 40% if disclosed in the second year, third year, fourth year and a fifth year or thereafter respectively.

Where additional VAT liabilities arise from a voluntary disclosure or a tax assessment, the new rules represent a significant change. Now, taxpayers will be given 20 days to settle any underpaid tax before late payment penalties apply.

A company based on a voluntary disclosure finds that they owe an additional VAT of AED 20,000. They do not pay the amount within 20 days.

Year 1: 5% of the underpaid tax (AED 1,000)
Year 2: 10% of the underpaid tax (AED 2,000)
Year 3: 20% of the underpaid tax (AED 4,000)
Year 4: 30% of the underpaid tax (AED 6,000)
Year 5 or thereafter: 40% of the underpaid tax (AED 8,000)

Failure of the Person/Taxpayer to voluntarily disclose an error

The failure of the Person/Taxpayer to voluntarily disclose an error in the Tax Return, Tax Assessment, or refund application pursuant to Article 10 (1) and 10(2) of the Tax Procedures Law before being notified by the Authority that it will be subject to a Tax Audit.

The previous penalty was 30% of the underpaid tax after notification of the FTA audit and 50% of the underpaid tax upon the error. The penalty is 50% of the underpaid tax, along with 4% of the underpaid tax per month from the due date of the VAT.

A taxpayer realises they made a mistake in their previous tax return but does not report it before receiving a notice of a tax audit, where the undeclared amount is AED 10,000. It needs to pay 50% of the undeclared tax amount, i.e. AED 5,000, along with 4% from the due date of the VAT return.

Failure of the Taxable Person to submit a registration application

The penalty for failure of the Taxable Person to submit a registration application within the timeframe specified in the Tax Law previously was AED 20,000, which is reduced to AED 10,000.

A business that reaches the turnover threshold for VAT registration but fails to apply for registration within the timeframe specified by the Tax Law needs to pay AED 10,000.

Failure of the Registrant to submit a deregistration application

In case the Registrant fails to submit a deregistration application within the timeframe specified in the Tax Law, the law previously imposed AED 10000. Now, the penalty is changed to AED 1,000 in case of delay, and on the same date monthly thereafter, up to a maximum of AED 10,000.

A company stops trading and is no longer required to be VAT registered but does not apply for deregistration in a timely manner and thus needs to pay AED 10,000.

Failure by the Taxable Person to display prices inclusive of Tax

If the Taxable Person fails to display prices inclusive of Tax, a penalty of AED 5000 will be imposed, which previously was AED 15000.

A businessman who advertises products with prices that do not include VAT, contrary to the requirement to display tax-inclusive prices, would need to pay AED 5,000 per instance.

Failure of the Taxable Person to issue a Tax Invoice

The failure of the Taxable Person to issue a Tax Invoice or the alternative document when making any supply earlier attracted a penalty of AED 5,000 for each tax invoice or alternative document, whereas now it is AED 2,500 for each detected case.

A service provider does not issue a tax invoice to its clients for services provided in the year 2024. He needs to pay AED 2,500 per invoice not issued.

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Implications of the Amendments to VAT Penalties and Fines in UAE

Overall, after the amendments, the penalty has been reduced, and it has adopted a supportive approach towards business. By reducing VAT fines, the UAE tax authority aims to create a more business-friendly environment, reducing the financial burden and encouraging compliance. Below are the key changes:

Ensure Compliance with the Law: The reduced penalties will encourage businesses to comply with tax without the fear of high penalties.
Supporting Businesses: By reducing the fines, the TAX authority is giving its support to those who usually struggle with high penalties.
Promoting Voluntary Disclosures: By giving the grace period for voluntary disclosures, the businessman will come forward and rectify errors early.
Improving Record-Keeping and Reporting: The reduced penalties for record-keeping and reporting will encourage businesses to maintain correct and updated records.
Increase Focus on Business Operations: By making the tax compliance process easy and smoother, businesses can focus on their growth and development.

Final Words on VAT Penalties and Fines in UAE

The amendments introduced through Cabinet Decision No. (49) of 2021 marks a significant shift VAT penalties and fines in UAE, now aiming to foster a more supportive environment for businesses. With such a reduction in penalties across various violations, the UAE tax authority seeks to encourage compliance and promote a culture of voluntary disclosure and accurate record-keeping.

Therefore, the new framework reflects a step towards enhancing business confidence and ensuring economic development in the UAE.

At FAME, we help businesses understand these changes and ensure that your business stays compliant with VAT regulations and minimises risks of fines and penalties. We guide businesses to overcome VAT compliance challenges and optimise their performance in the UAE market.

Enhance your knowledge of UAE VAT penalties Stay updated on UAE Tax regulations with us.

Reach us now!

Udit

Udit Chokshi is a Taxpert, helping businesses all across the UAE in getting tax audit-ready, streamlining their VAT and accounting processes, and shield them against tax evasion. Being an active listener, Udit absorbs and understands the client’s problem and situation and communicates the facts and solutions honestly.

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Basic Rule for Taxability of Directors Service

Taxability of Director Service VS Non-Taxability of Director Service

Examples for better understanding of Taxability or Non-Taxability of Director Service

Udit

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VAT Penalties and Fines in UAE: Before and after Cabinet Decision No. (49)

Implications of the Amendments to VAT Penalties and Fines in UAE

Final Words on VAT Penalties and Fines in UAE

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