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The Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT) outlines key provisions under Cabinet Decision No. 100 of 2024, specifically Articles 23 and 24. Article 23 defines "Telecommunication Services," which include a broad range of communication methods, and "Electronic Services," focusing on services delivered via the internet, such as software, digital content, and online advertising. Article 24 addresses the requirements for businesses supplying goods to individuals in other implementing states, emphasizing the need for proper documentation and compliance with customs verification. This regulatory framework equips businesses with essential guidelines for VAT compliance, crucial for navigating the evolving digital landscape and ensuring operational success. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.   Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy  For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, and Advisory Services, reach out to us on: contact@acme-group.me | +971527472651 #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

The UAE’s Cabinet Decision No. 108 of 2023, amending Federal Decree-Law No. 7 of 2017, introduces specific exemptions on excise tax for exported goods under Article 14. This regulation exempts excise goods from tax if they are exported directly or indirectly, intended for international journeys, or bought at duty-free stores with proof of immediate export. To qualify, exporters must provide customs declarations or shipping certificates as evidence, and goods must remain unaltered until exported. Customs departments verify goods against export documents, with oversight from the Federal Tax Authority (FTA) to ensure compliance. These changes simplify excise tax processes for exporters, supporting UAE’s alignment with global trade standards. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

Excise Tax Implementation Guide in Oman, focusing on key aspects of compliance for businesses. It outlines the necessary steps for filing a transitional excise tax return, including conducting an inventory of excise goods, calculating the tax due, submitting returns within 15 days of the law's enactment, and maintaining proper records. The article details the goods subject to excise tax, such as tobacco and carbonated drinks, and explains the calculation of excise tax based on either the standard price set by the SGT or the retail sale price (RSP). Additionally, it covers the taxation of concentrates and examples of how to calculate excise tax. Overall, understanding these guidelines is crucial for businesses to ensure compliance with Oman's excise tax regulations. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.   Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

Income Tax Law, complemented by Cabinet Decision No. (39) of 2019, which provides its Executive Regulations. Under Article (21), a 5% withholding tax applies to fees for services specified in Article (9/2) when performed wholly or partly within the State. A service is deemed performed in the State if any essential work, such as data collection or site inspections, occurs there. Additionally, services are considered performed in the State if they are used or benefited from within the State, regardless of where the actual service is carried out. Disclaimer:     The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.       Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy     For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651       #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

To qualify for Small Business Relief, a resident person (natural or legal entity) must elect this option for each tax period and ensure that their revenue does not exceed AED 3,000,000 in the current and all previous tax periods. The business will be considered as having no taxable income for that period, and other reliefs and deductions cannot be claimed. While transfer pricing documentation is not required, adherence to the arm’s length principle is necessary.  However, this relief does not apply to businesses that are part of a Multinational Enterprise Group (MNE) or are classified as Qualifying Free Zone Persons.    Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy     For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651    #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

Sweetened beverages are drinks that contain added sugars or sweeteners and are designed for consumption, including ready-to-drink options and various forms like concentrates and powders. A 50% excise tax is applied to these beverages, although some drinks may be exempt based on their classification. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy    For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, and Advisory Services, reach out to us at: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

Oman's Value Added Tax Executive Regulations No. 53/2021 clarify the taxation of supplies, focusing on key provisions in Articles 9, 10, 11, and 12. Article 9 exempts certain promotional supplies, such as gifts and free samples, from being classified as taxable, provided they meet specific conditions regarding purpose, value limits per recipient (50 Omani Rials), and annual limits (1,000 Omani Rials). Article 10 distinguishes between Composite Supplies—where goods or services are bundled together as a single commercial transaction—and Multiple Supplies, which consist of separate items offered together. Articles 11 and 12 outline how VAT is calculated for these supply types, emphasizing the need for accurate categorization to ensure compliance and effective tax management. Understanding these regulations is crucial for businesses to navigate their VAT obligations and optimize their promotional strategies. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.   Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy    For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651 #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

Article 7 of the Executive Regulation outlines the requirements for mandatory tax registration under the Federal Decree-Law No. 8 of 2017 on Value Added Tax. The registration threshold is set at AED 375,000. Individuals must apply within 30 days of becoming liable; failure to do so will result in retroactive registration and penalties. Those whose supplies exceed the threshold in the past year or are expected to exceed it within 30 days will be registered accordingly. Non-residents must register from the date they begin making supplies in the State. Late registrants are required to pay due tax on taxable supplies made prior to registration. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy     For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

To qualify for Business Restructuring Relief (BRR) in the UAE, entities must ensure legal compliance with UAE laws, maintain Taxable Person status, avoid Exempt Person or Qualifying Free Zone Person classification, align Financial Years, adhere to common Accounting Standards, and demonstrate valid commercial reasons for the restructuring. Meeting these conditions is essential for leveraging the benefits of BRR in restructuring transactions. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.      Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy     For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes 

The Authority may exempt a person from Tax Registration if they do not regularly import or release Excise Goods from Designated Zones, defined as less than once every six months. Importing or releasing such goods four times within 24 months qualifies as regular activity. Exempted individuals must notify the Authority within 20 business days of any changes requiring Tax Registration. If they no longer qualify for exemption, they will be registered for Tax from that date. Additionally, if Tax is due on an import, the exempted person must pay the Due Tax by the import date using specified methods. Disclaimer:    The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk.   Contact Us: https://lnkd.in/dszmTv7f  Facebook: https://lnkd.in/dnRWFUiz  Instagram: https://lnkd.in/dYhDafbD  LinkedIn: https://lnkd.in/dybREPaA  YouTube: https://lnkd.in/deVCNnEv  WhatsApp Channel: https://lnkd.in/dy6Fe-fy     For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me | +971527472651      #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes