UAE Corporate Tax | All You Need To Know About The Tax Implications On Free Zones
5 Things To Know About UAE Corporate Tax
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A Tax return is an official document which all the VAT registered businesses need to submit to the National Bureau for Taxation (NBT).
Read MoreThe domestic reverse charge is a concept in which VAT needs to be paid on reverse charge by the recipient on the domestic supplies.
Read MoreThe supplier of the taxable goods or services needs to charge VAT at 5% and pay it to the government.
Read MoreThe Bahrain VAT law allows the taxpayer to recover the input Tax paid on purchases or expenses if they are incurred for the business purpose.
Read MoreThe format requires less information than a full tax invoice and it will be very useful for retail businesses like Supermarkets, whose customers are primarily unregistered.
Read MoreIt is utmost important for a taxable person to issue a VAT compliant Tax invoice in accordance with the provisions of the Bahrain VAT Law.
Read MoreVAT registration in Bahrain is in a phased manner and accordingly, the VAT registration due dates are different for different businesses.
Read MoreOne of the immediate requirements for VAT registered business in Bahrain is to issue a VAT invoice.
Read MoreThe mechanism of Input Vat deduction allows businesses to recover the Vat paid on the purchases or expenses and set-off it against the VAT collected on the sales.
Read More5 Things To Know About UAE Corporate Tax
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