The Federal Tax Authority provided clarity on lease of commercial or residential properties.
The Federal Tax Authority provided clarity on lease of commercial or residential properties.
International ratings agency S&P said in a note last month that some GCC countries could double VAT rate to 10 per cent.
Authority highlights four simple steps to file returns.
Nation has the lowest VAT rate globally
Abu Dhabi, Dubai and Sharjah have all become cheaper to live, according to Numbeo.
Businesses whose first tax period was three months ending in March 2018 were not included in these adjustments.
FTA Director General reiterated the importance of early preparation for submitting tax returns within the set timeframes.
Sale or lease of any real estate property - commercial or residential - will be considered as outside the scope of VAT.
Celebrities often come to UAE to attend events on the request of residents and citizens and are paid for this gesture.
Complaints received regarding VAT dives 85%