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Latest UAE tax news

Do Airbnb Hosts and Short-Term Landlords Need to Pay VAT in the UAE?

VAT Compliance for Airbnb Hosts in the UAE: A Complete Guide to Avoiding Penalties The UAE’s booming short-term rental market offers a lucrative opportunity for Airbnb hosts and property owners. However, many landlords are unaware of their VAT obligations, risking hefty fines and penalties from the Federal Tax Authority (FTA). At VATcentric, we specialize in […]

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Expert Bookkeeping, Accounting, and Tax Services for UAE Gym Owners – VATcentric

Attention Gym Owners: Simplify Your Accounting and tax with VATcentric   Running a gym is no small feat. From managing memberships to hiring staff and maintaining equipment, your to-do list is never-ending. For gym owners in the UAE, there’s an added layer of complexity: navigating tax compliance, bookkeeping, and accounting. This is where VATcentric comes

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VAT on Electronic Services in the UAE and globally

What are digital remote services for VAT? Digital remote services refer to services that are delivered over the internet or through other electronic means. These services may include things like online software, cloud computing, website hosting, e-commerce, and digital marketing. For Value-Added Tax (VAT) purposes, digital remote services are considered a form of electronic service,

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Understanding the Implications of Emarat Tax in the UAE: A Guide for Businesses and Individuals

What is the meaning of Emara Tax UAE platform The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has introduced a new platform called EmaraTax aimed at enhancing the way taxpayers access the authority’s services. The taxable entities are required to move from the current FTA portal to EmaraTax as all services will

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UAE Corporation Tax: An Overview of Administration Considerations

UAE Corporation Tax: An Overview of Administration Considerations The United Arab Emirates (UAE) has introduced a new tax, the Corporation Tax , which applies to taxable persons operating in the UAE. In this blog post, we will discuss the various administration considerations for UAE Corporation Tax, including registration/deregistration, tax return, payments, financial statements, Transfer Pricing

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Transfer Pricing in the UAE: Understanding the Regulations and Arm’s Length Principle

“Transfer Pricing Regulations in the UAE: Understanding the Arm’s Length Principle” The UAE has recently introduced transfer pricing (TP) regulations in its new CT Law, which is now in effect. These regulations aim to ensure that both cross-border and domestic transactions between related parties, including those in Free Zone entities, adhere to the arm’s length

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Understanding Free Zones in the UAE and Qualifying for a 0% Corporate Tax Rate

The Advantages of Registering a Company in a Free Zone in the UAE: A Market Research Expert’s Analysis” Free zones have long been a popular option for companies looking to establish a presence in the UAE. With the introduction of the Corporate Tax Law in 2018, the advantages of registering in a free zone have

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UAE’s Taxable Persons and Tax Base: Understanding the Implications for Residents and Non-Residents Under UAE Corporate Tax Law

“UAE’s Taxable Persons and Tax Base: Understanding the Implications for Residents and Non-Residents” The United Arab Emirates (UAE) has recently introduced a new tax system, the Corporate Tax Law (CT Law), that has far-reaching implications for all individuals and entities doing business in the country. Understanding the CT Law is crucial for ensuring tax compliance

UAE’s Taxable Persons and Tax Base: Understanding the Implications for Residents and Non-Residents Under UAE Corporate Tax Law Read More »

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