Monitoring Desk
ABU DHABI: The FTA said on Sunday it has reiterated its call for all registered businesses to collect VAT and excise tax on all taxable transactions and from all customers.
The tax body cautioned against excepting any individual or organization that does not fall under one of the excepted categories specified in the UAE tax laws. It further urged taxable businesses to remain vigilant and precise in their business transactions.
“Businesses must avoid granting exceptions from VAT,” the authority warned, clarifying that no transaction may be considered as outside the scope of tax, exempt, or zero-rated unless it was stated in the legislation or announced by the Ministry of Finance or the FTA, where any such exception was made, this is considered illegal and the supplier shall be liable for any tax not collected on the supply.
LONDON (Reuters): Britain on Wednesday imposed sanctions on 11 more individuals and entities affiliated with…
(Web Desk): Maestro Rahat Fateh Ali Khan, after winning millions of hearts across the globe…
Jeffrey Sachs and Sybil Fares Israel, with the complicity of the United States, is committing…
LONDON (AFP): Tottenham's Djed Spence said the opportunity to make history as the first male…
NEW YORK (AFP): Reigning champion Jannik Sinner sailed into the US Open semi-finals on Wednesday…
ISLAMABAD (APP): The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on…
This website uses cookies.