UNITED ARAB EMIRATES
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The Federal Tax Authority has published a public clarification to explain the impact of an amendment to Article 51 of the UAE VAT Regulations. The amendment allows certain supplies of goods and associated shipping services made in designated zones to be treated as outside the scope of UAE VAT if...
The UAE has announced that it intends to enact a new Federal Data Law (Data Law) as part of its 'Projects of the 50', a series of developmental and economic initiatives marking the road map to UAE's 50th anniversary this year. The federal law, designed in partnership with major international...
The Federal Tax Authority (FTA) has issued a VAT guide for the automotive sector. It is one of the most detailed guidance notes issued by the FTA to date and is essential reading for any business connected with the UAE car industry. The guide includes sections on the sale of both new and used...
The Federal Tax Authority (FTA) has issued a press release confirming that taxpayers are now able to apply for a reduction or exemption from tax penalties.To qualify for a reduction or exemption, the taxpayer must:have an excuse acceptable to the FTA;hold evidence to support the excuse, and the...
As the novel coronavirus (COVID-19) continues to spread across the globe, I want to take a moment to let you know what BDO in UAE is doing to respond to this public health emergency. First and foremost, BDO in UAE’s number one priority is the safety and well-being of our people, clients...
BDO’s strategy accelerates the organisation’s financial growth year on year, with global revenues topping US$ 9.6 billion for YE 30 September 2019 10.1%* increase in global revenues – up from + 8.3% in 2018 - cements BDO’s position as fastest-growing global organisation in the profession over the...
The GCC has undergone various tax reforms in the last two years with the implementation of VAT, Excise Tax and the introduction of Country by Country Reporting (CbCr) and Economic Substance Reporting (ESR) in 2019.In this video, our Regional VAT Partner for UAE and Saudi Arabia, Brian Conn shares...