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UAE VAT: Law and Procedures

UAE VAT: Law and Procedures

by Atul Kumar Gupta
UAE VAT
About Book:

UAE VAT: Law and Procedures provides a comprehensive analysis of the law governing Value Added Tax (VAT) in UAE and its implementation. Divided into two parts, Part I comprises of chapters which explain the provisions of law and compliances by the industry. Part II contains the legislation on VAT and Tax procedures, User Guide issued by the Federal Tax Authority (FTA), and Clarification issued by FTA. In line with the objectives of the GCC Economic Agreement of 2001, which seeks to reach advanced stages of economic integration, and develop similar legislation throughout the GCC, the GCC (Gulf Country Corporation) has introduced the Unified GCC VAT law to implement VAT in the Gulf Region. The UAE has introduced the VAT decree law No. 08 of the 2017 in the parliament and made it applicable from 1st January 2018 throughout the UAE. Immediately after the introduction of the Excise law in the UAE for specified goods only, the implementation of the VAT is a challenge for industry to comply with and to understand the legislative structure. Through this publication, the aim is to facilitate the industry in adopting the newly introduced law.

Key Features:

  • Provides concise and lucid commentary on the various aspects of UAE VAT Laws
  • Includes flow-charts and diagrams to bring clarity on procedures under the law
  • Contains illustrations to clarify concepts and requirements under law including:

         (i) Tax under reverse charge mechanism
         (ii) Date of Supply in case of Services
         (iii) Place of Supply of Goods
         (iv) Apportionment of Input Tax
         (v) Tax based on Profit-Margin
         (vi) Capital Assets Scheme

  • Comprises primary legislation under the UAE VAT Regime including

         (i) Federal Decree Law No. 8
         (ii) Common VAT Agreement of the States of the Gulf Cooperation Council (GCC)
         (iii) Cabinet Decisions & Federal Law
         (iv) User Guide issued by Federal Tax Authority
         (v) Clarification issued by Federal Tax Authority

Categories: International Taxation, GST & Other Indirect Taxes
Publisher: Oakbridge Publishing Pvt Ltd
About Publisher:

OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.

Author: Atul Kumar Gupta
About Author:
Atul Kumar Gupta :

Mr Atul Kumar Gupta is a fellow member of the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. He is also member of various other professional bodies and Institutions including AIMA. He has addressed many seminars, workshops & conferences, organized by Various Professional Bodies, Institutions and Trade Associations across India. He has been awarded many times for his contribution to the profession. Mr. Gupta has authored several books, handbooks and prepared background material on Service Tax and GST in India. His articles have also been published in leading newspapers and various professional magazines across India.


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UAE VAT
About Book:

UAE VAT: Law and Procedures provides a comprehensive analysis of the law governing Value Added Tax (VAT) in UAE and its implementation. Divided into two parts, Part I comprises of chapters which explain the provisions of law and compliances by the industry. Part II contains the legislation on VAT and Tax procedures, User Guide issued by the Federal Tax Authority (FTA), and Clarification issued by FTA. In line with the objectives of the GCC Economic Agreement of 2001, which seeks to reach advanced stages of economic integration, and develop similar legislation throughout the GCC, the GCC (Gulf Country Corporation) has introduced the Unified GCC VAT law to implement VAT in the Gulf Region. The UAE has introduced the VAT decree law No. 08 of the 2017 in the parliament and made it applicable from 1st January 2018 throughout the UAE. Immediately after the introduction of the Excise law in the UAE for specified goods only, the implementation of the VAT is a challenge for industry to comply with and to understand the legislative structure. Through this publication, the aim is to facilitate the industry in adopting the newly introduced law.

Key Features:

  • Provides concise and lucid commentary on the various aspects of UAE VAT Laws
  • Includes flow-charts and diagrams to bring clarity on procedures under the law
  • Contains illustrations to clarify concepts and requirements under law including:

         (i) Tax under reverse charge mechanism
         (ii) Date of Supply in case of Services
         (iii) Place of Supply of Goods
         (iv) Apportionment of Input Tax
         (v) Tax based on Profit-Margin
         (vi) Capital Assets Scheme

  • Comprises primary legislation under the UAE VAT Regime including

         (i) Federal Decree Law No. 8
         (ii) Common VAT Agreement of the States of the Gulf Cooperation Council (GCC)
         (iii) Cabinet Decisions & Federal Law
         (iv) User Guide issued by Federal Tax Authority
         (v) Clarification issued by Federal Tax Authority

Categories: International Taxation, GST & Other Indirect Taxes
Publisher: Oakbridge Publishing Pvt Ltd
About Publisher:

OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.

Author: Atul Kumar Gupta
About Author:
Atul Kumar Gupta :

Mr Atul Kumar Gupta is a fellow member of the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. He is also member of various other professional bodies and Institutions including AIMA. He has addressed many seminars, workshops & conferences, organized by Various Professional Bodies, Institutions and Trade Associations across India. He has been awarded many times for his contribution to the profession. Mr. Gupta has authored several books, handbooks and prepared background material on Service Tax and GST in India. His articles have also been published in leading newspapers and various professional magazines across India.

Similar Books

Ratings and Reviews

Overall Rating
Review
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