Simple VAT

Knowledge resource center aimed to help SME’s to deal with VAT matters in a simple way

Calculations in foreign currency are often used by companies across the UAE. This article describes how to calculate correct VAT for such operations.
Let us consider the following situations:
1.    Full post-payment
2.    Full prepayment
3.    Partial prepayment: case 1
4.    Partial prepayment: case 2



VAT made simple
How to avoid VAT penalty?

On October 2, 2017 UAE Council of Ministers adopted Cabinet Resolution No. (40). - resolution on administrative penalties for violations of VAT law in the UAE. This article analyses the most common mistakes which may cause penalties.







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