Introduction – Reverse Charge Mechanism in UAE VAT Reverse Charge Mechanism is a process under which responsibility of paying tax to Government shifts from seller to buyer, unlike in the...
Exempt Supply Invoice Exempt Supply means goods and services sold by the companies are free from VAT. No VAT will be charged on these goods & services. Exempt supplies are...
Download Free UAE VAT Calculator Introduction The inception VAT form of taxation makes it mandatory for the VAT registered entities to file returns to pay tax every quarter that is...
What is Export Invoice? Export invoices are a critical component of the export paperwork. Invoices indicate the buyer and seller of the goods, a description of the items, their value...
Introduction Tax invoice is issued for taxable supply of goods & services. Tax invoice majorly contains details like description, quantity, value of goods/service, tax charged thereon and other particulars as...
Introduction The Member states of the Gulf Cooperation Council, namely (United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, Sultanate of Oman, State of Qatar and State of Kuwait)have...
The VAT Margin scheme is designed to be used by VAT registered businesses that buy and sell secondhand goods, works of art, antiques and collector’s items. It allows the seller...
What is a Retail Invoice or Simplified Tax Invoice A Retail invoice or Simplified Tax Invoice is issued by a registered dealer to a unregistered dealer, A purchaser cannot claim the...
