What is the VAT reconsideration application? Often, even after following the FTA’s laws and regulations yet businesses have to face fines and penalties. In these cases, the taxpayer is not convinced by FTA’s decision. As a result, the taxpayer may request a VAT Reconsideration. UAE VAT penalty reconsideration is a procedure that allows a taxable […]
Dubai Multi Commodities Centre (DMCC) Established in 2002 by the Dubai government, the goal of DMCC has been providing physical, market, and financial infrastructure in order to establish itself as a worldwide commodity trading center. It allows you to trade precious metals such as gold, diamonds, colored stones, pearls, and a variety of other items.[…..]
VAT refund from UAE In UAE, it is mandatory for every taxable person to file a VAT return to the FTA. The need of applying for a VAT refund UAE arises when the input tax exceeds the output tax on the VAT return. When the taxable person makes the claim on the excess refundable tax,[…..]
The governments of the United Arab Emirates have come up with the initiative to build up a number of free zones where businesses can set up and operate without worrying about being taxed. During the course of operations, these free zones will also provide a number of benefits. The Dubai Multi Commodity Centre is one[…..]