No fees apply on requests for VAT recovery on the construction of new housing units
No fees apply on requests for VAT recovery on the construction of new housing units
The resolution aims to support the UAE's MICE sector.
30% of respondents in a study say that they'd barely noticed the increase in prices after implementation of VAT
It will use digital tax stamps to ensure excise tax on tobacco products has been paid
Move would not only benefit jewellery retailers but also tourists and consumers.
The volume of gold trade in the UAE rose to Dh244.3 billion in 2016, with a growth rate of 13 per cent.
This is applicable if the earnings exceed the mandatory registration threshold of Dh375,000
Businesses that provide exempt goods or services - or no taxable products - do not have to register.
The FTA urged taxable businesses to remain vigilant and precise in their business transactions.
Tax experts said the refund system is likely to be implemented soon.