History of Benami Transactions Benami is a Persian term which essentially means something without a name. However, in the present context, it mean
Being registered under the VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT..
Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valu..
VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifi..
The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration t..
Introduction of VAT in UAEGCC i.e. Gulf Cooperation Council is a political and economic alliance of six middle eastern countries- Saudi Arabia, Kuwait, UAE, Qat..
Article-2 of Decree LawArticle-2 of Decree law provides scope of VAT in UAE, which provides VAT shall be levied on:a) Every Taxable Supply and Deemed Suppl..
In the application of the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned against each, unless the context o..
Your type of business will determine the kind of license you require. Whether it's commercial, professional or industrial licenses, these will define the ba
The word tax has not been specifically defined under any Law, however it simply means compulsory extortion of money by any Government within Constitutional powe..