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        • Place of supply of goods under VAT in UAE
        • Place of supply in case of export of goods
        • Place of supply of specific goods
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        • Place of Supply of Certain Transport Services
        • Place of Supply of Services Related to Real Estate
        • Place of Supply of Telecommunication and Electronic Services
        • Place of supply of services in special cases
      • FAQ - Registration >
        • Introduction to VAT Laws in UAE
        • Frequently Used Terms in Indirect Tax System
        • VAT Registration in UAE
        • Who should register under VAT
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        • What is Capital Asset Scheme in UAE VAT ?
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What is tax period under UAE VAT ?

31/12/2017

8 Comments

 
Tax Period is a specific period of time for which the Payable Tax shall be calculated and paid. 
  • There are certain types of tax period under UAE VAT and a vat registrant would come under one of these tax periods. 
  • This information is available for respective vat registrant in their VAT Registration Certificate/TRN Certificate  and also on FTA Portal of the respective vat registrant.
  • Once you receive your VAT Registration Certificate/ TRN Certificate/ or update of tax period on FTA Portal,  look for your applicable tax periods. As compliance of the VAT Return and Payment of VAT is based on this Tax Period. 
  • First tax period of the companies registered under under UAE VAT could be for a period ranging from one month to six months and succeeding tax period would be either monthly or quarterly there after. 
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Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
8 Comments

Is it necessary that supplier of goods and services must issue tax invoice under all circumstance under UAE VAT ?

31/12/2017

2 Comments

 
Tax Invoice is as ​A written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.
It should be noted under certain conditions the recipient of good and service could issue tax invoice and Where a Recipient agrees to raise a Tax Invoice on behalf of a Registrant Supplier in respect of a supply of Goods or Services, that document shall be treated as if it had been issued by the supplier if the following conditions are to be met with; 
  1. The Recipient of the Goods or Services is a Registrant
  2. The supplier and the Recipient agree in writing that the supplier shall not issue a Tax Invoice in respect of any supply to which this Clause applies
  3. The Tax Invoice shall contain the particulars required under law for Tax Invoice.
  4. The words “Tax Invoice raised by buyer” are clearly displayed on the Tax Invoice
When a  Tax Invoice is issued as above the any invoice issued by the Supplier in respect of that supply shall be deemed not to be a Tax Invoice. 
Issue of Tax Invoice by an Agent: Where an agent who is a Registrant makes a supply of Goods and 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, and provided that the principal shall not issue a Tax Invoice
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
2 Comments

Could tax invoices under UAE Vat may be issued in electronic form or it is must to issue physical tax invoices ?

31/12/2017

 
Tax Invoice is a written or electronic document in which the occurance of a Taxable Supply is recorded with details pertaining to it.
​The Taxable Person may issue a Tax Invoice by electronic means provided that; 
  1. The Taxable Person must be capable of securely storing a copy of the electronic Tax Invoice in compliance with the record keeping requirements
  2. The authenticity of origin and integrity of content of the electronic Tax Invoice should be guaranteed
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​

Is issuance of Tax Invoice under UAE VAT is MUST?

31/12/2017

6 Comments

 
Tax Invoice is a written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.
It should be noted that in certain circumstance where the Federal Tax Authority of UAE  considers that there are or will be sufficient records available to establish the particulars of any supply or class of supplies, and that it would be impractical to require that a Tax Invoice be issued by the Taxable Person;
FTA may determine that, subject to any conditions that the FTA may consider necessary
  1. Any of the particulars specified in in relation to Tax Invoice and Simplified Tax Invoice shall not be contained on a Tax Invoice.
  2. A Tax Invoice is not required to be issued in certain cases.
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
6 Comments

Who could issue simplified VAT invoices ?

31/12/2017

0 Comments

 
​Tax Invoice is a ​A written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.
 A Taxable Person may issue a simplified VAT Tax Invoice in the following case; 
  • Where the Recipient of Goods or Recipient of Services is not a Registrant
  • Where the Recipient of Goods or Recipient of Services is a Registrant and the Consideration for the supply does not exceed AED 10,000
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
0 Comments

How to prepare Simplified VAT invoices in UAE ?

31/12/2017

0 Comments

 
Tax Invoice is a written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.
​A simplified Tax Invoice shall contain all of the following particulars; 
  • The words “Tax Invoice” clearly displayed on the invoice
  • The name, address, and Tax Registration Number of the Registrant making the supply
  • The date of issuing the Tax Invoice
  • A description of the Goods or Services supplied
  • The total Consideration and the Tax amount charged
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
0 Comments

How to prepare VAT Invoices in the Dubai, UAE?

31/12/2017

2 Comments

 
Tax Invoice is a written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.
​A Tax Invoice shall contain all of the following particulars: 
  • The words “Tax Invoice” clearly displayed on the invoice
  • The name, address, and Tax Registration Number of the Registrant making the supply
  • The name, address, and Tax Registration Number of the Recipient where he is a Registrant
  • A sequential Tax Invoice number or a unique number which enables identification of the Tax Invoice and the order of the Tax Invoice in any sequence of invoices
  • The date of issuing the Tax Invoice
  • The date of supply if different from the date the Tax Invoice was issued
  • A description of the Goods or Services supplied
  • For each Good or Service, the unit price, the quantity or volume supplied, the rate of Tax and the amount payable expressed in AED
  • The amount of any discount offered
  • The gross amount payable expressed in AED
  • The Tax amount payable expressed in AED together with the rate of exchange applied where the currency is converted from a currency other than the UAE dirham
  • Where the invoice relates to a supply under which the Recipient of Goods or Recipient of Services is required to account for Tax, a statement that the Recipient is required to account for Tax, and a reference to the relevant provision of the Decree-Law
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax in UAE. 
VAT | REGISTRATION | COMPLIANCE | AUDIT | REFUND | CONSULTING ​
2 Comments
    Picture

    Author

    Ramesh Kumar Gupta is a young and dynamic Chartered Accountant and has 22 years of experience in assurance, accounting, audit and business management.  He is a member of the Institute of Chartered Accountants of India (ICAI).  He is the Managing Partner of Gupta Accountants an accounting and advisory firm in Dubai UAE

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"WE AT GUPTA ACCOUNTANTS, ASSIST IN THE TIMELY AND CORRECT OBLIGATORY COMPLIANCES BY YOUR BUSINESS BASED IN UAE AND ADD VALUE BY REDUCING THE COST OF NON- COMPLIANCE​"
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PO Box 123 383 Dubai UAE 
T: +971 4 396 7982 
M: +971 55 9893299 
​E:  info@guptaaccountants.com 

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  • HOME
  • ABOUT US
    • GUPTA ACCOUNTANTS
    • MANAGEMENT
    • UNITED ARAB EMIRATES
  • SERVICES
    • ACCOUNTING >
      • Accounting Dubai
      • Accounting Abu Dhabi
      • Accounting Sharjah
      • Accounting RAK
      • Accounting Fujairah
      • Accounting Ajman
      • Accounting UAQ
    • AUDIT COMPLIANCE >
      • Audit Dubai
      • Audit Sharjah
      • Audit RAK
      • Audit AD
      • Audit Ajman
      • Audit Fujairah
      • Audit UAQ
    • AUDIT INTERNAL >
      • Review Dubai
      • Review AD
      • Review Sharjah
      • Review RAK
      • Review Ajman
      • Review Fujairah
      • Review UAQ
    • VAT REGISTRATION >
      • Registration Dubai
      • Registration AD
      • Registration Sharjah
      • Registration Ajman
      • Registration Fujairah
      • Registration RAK
      • Registration UAQ
    • VAT DEREGISTRATION >
      • Deregistration Dubai
      • Deregistration AD
      • Deregistration Sharjah
      • Deregistration RAK
      • Deregistration Ajman
      • Deregistration Fujairah
      • Deregistration UAQ
    • VAT COMPLIANCE >
      • Compliance Dubai
      • Compliance AD
      • Compliance Sharjah
      • Compliance Ras Al Khaimah
      • Compliance Fujairah
      • Compliance Ajman
      • Compliance Umm Al Quwain
    • VAT CONSULTING >
      • Consulting Dubai
      • Consulting AD
      • Consulting Sharjah
      • Consulting RAK
      • Consulting Fujairah
      • Consulting Ajman
      • Consulting UAQ
    • VAT REFUND >
      • Refund Dubai
      • Refund AD
      • Refund Sharjah
      • Refund RAK
      • Refund Ajman
      • Refund Fujairah
      • Refund UAQ
    • VAT VDS >
      • VDS Dubai
      • VDS AD
      • VDS Sharjah
      • VDS RAK
      • VDS Ajman
      • VDS Fujairah
      • VDS UAQ
    • VAT AUDIT >
      • VAT Audit Dubai
      • VAT Audit AD
      • VAT Audit Sharjah
      • VAT Audit RAK
      • VAT Audit Ajman
      • VAT Audit Fujairah
      • VAT Audit UAQ
    • ESR COMPLIANCE >
      • ESR Dubai
      • ESR Sharjah
      • ESR RAK
      • ESR AD
      • ESR Ajman
      • ESR Fujairah
      • ESR UAQ
    • UBO COMPLIANCE >
      • UBO DUBAI
      • UBO AD
      • UBO SHARJAH
      • UBO RAK
      • UBO AJMAN
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    • UAE AML COMPLIANCE >
      • AML DUBAI
      • AML ABU DHABI
      • AML SHARJAH
      • AML AJMAN
      • AML RAS AL KHAIMAH
      • AML UAQ
      • AML FUJAIRAH
  • CONTACT
  • BLOG
  • Insights
    • VALUE ADDED TAX - UAE >
      • FAQ - How to >
        • How to check TRN validity in UAE
        • How to de-register under VAT in UAE
        • How to apply for VAT registration in UAE
        • Supplies not eligible for input tax recovery under VAT in UAE
        • Supplies not eligible for input tax recovery under VAT in UAE
        • Input VAT Adjustments under Capital Assets Scheme
      • FAQ - Place of Supply >
        • Place of supply of goods under VAT in UAE
        • Place of supply in case of export of goods
        • Place of supply of specific goods
        • Place of supply of services
        • Place of Supply of Certain Transport Services
        • Place of Supply of Services Related to Real Estate
        • Place of Supply of Telecommunication and Electronic Services
        • Place of supply of services in special cases
      • FAQ - Registration >
        • Introduction to VAT Laws in UAE
        • Frequently Used Terms in Indirect Tax System
        • VAT Registration in UAE
        • Who should register under VAT
        • Tax Registration Number (TRN)
        • VAT registration Deadlines in UAE
        • VAT Group Registration
        • VAT Registration Threshold Calculation in UAE
        • Input Tax Recovery under VAT in UAE
        • What is Capital Asset Scheme in UAE VAT ?
    • CORPORATE TAX - UAE >
      • INTRODUCTION OF CORPORATE TAX - UAE
      • Public Consultation Document Issued
    • Due dates