Hello! Good note! :). It is correct! If trade itself is conducted outside UAE, then you are fully correct. However is not as simple as you explain it. If you are providing XY services to an outside UAE company but you are carrying the service in the UAE, you need to apply the 5% VAT :). Also a quick note is that if you provide goods at a zero rate, it indicates that the items are subject to VAT, but the applicable VAT rate is 0%. Therefore it is not zero tax but is zero rated. Regarding the VAT exemption it is not entirely correct what you mentioned. Firstly, even if you do not reach the treshhold (that is AED 375,000 per year), you will not be able to recover the VAT that you are charged due to that your company would not be registered in the FTA for VAT. Furthermore, your invoices will be without VAT too. If you need any assistance at any point it will be our pleasure to help! :)
Hello again! 😊 While I might not know all your services like the back of my hand, here’s the scoop: if you’re providing services within the UAE, you’re probably supposed to be charging VAT, even if your customer is from another galaxy (or country). However, some services might get the special Zero VAT treatment. To dodge any pesky penalties, it’s best to double-check the legislation. So instead of playing VAT detective, why not give us a call? We’ll assess your situation and make sure you’re on the right track! 📞😊
If all trade is conducted outside of UAE - still zero tax. There is also a small business relief around £600,000 and under per year - VAT exempt.
Hello! Good note! :). It is correct! If trade itself is conducted outside UAE, then you are fully correct. However is not as simple as you explain it. If you are providing XY services to an outside UAE company but you are carrying the service in the UAE, you need to apply the 5% VAT :). Also a quick note is that if you provide goods at a zero rate, it indicates that the items are subject to VAT, but the applicable VAT rate is 0%. Therefore it is not zero tax but is zero rated.
Regarding the VAT exemption it is not entirely correct what you mentioned. Firstly, even if you do not reach the treshhold (that is AED 375,000 per year), you will not be able to recover the VAT that you are charged due to that your company would not be registered in the FTA for VAT. Furthermore, your invoices will be without VAT too.
If you need any assistance at any point it will be our pleasure to help! :)
Hello again! 😊 While I might not know all your services like the back of my hand, here’s the scoop: if you’re providing services within the UAE, you’re probably supposed to be charging VAT, even if your customer is from another galaxy (or country). However, some services might get the special Zero VAT treatment.
To dodge any pesky penalties, it’s best to double-check the legislation. So instead of playing VAT detective, why not give us a call? We’ll assess your situation and make sure you’re on the right track! 📞😊
I’m in dubai from last 9 days……heat is EXTREME during day time but after sundown, there is little relief but still you sweat ALOT literally ALOT
Haha it is true! The positive part is that only gets better. Bear in mind that we have 9 months of incredible nice weather 😬
Habibi come to India 😂