Nimish Goel and Geet Shah, Special to Gulf News

Articles from the author

UAE businesses must not delay past tax issues

With the Statue of Limitations approaching, audits will become even more comprehensive

Those UAE businesses who have some tidying up to do on their tax matters better do it fast.

VAT recovery on COVID-19 costs is a grey area

Some costs incurred could be prone to multiple interpretations on their recovery

VAT recovery on CSR related initiatives might not be as straight forward as it seems.

UAE businesses get much needed relief on VAT penalty

Earlier, voluntary disclosures too carried high penalty charges and that's scaled back

The VAT-specific tax penalty charges have been brought down by the latest decision. Businesses sure have reasons to welcome this.

Doubts on VAT status on PPE kits, face masks

Since they are sold at retail stores and pharmacies, they still get taxed at 5%

Should they come at 0% VAT or at 5%? The Cabinet has given a clear guideline, but it will need implementing at the retail level.

TRENDING STORIES