Pankaj S Jain

Special to Gulf News

Articles from the author

Should retailers take VAT on discounts?

Retailers need to have clear understanding on where VAT kicks in on such offers

Retailers need to go over all the potential elements in play when applying VAT to discounts.

Is your business ready for Sept 30 tax return deadline?

Audited financial statements are necessary only when certain revenue levels are cleared

TAX MATTERS. CAP: The September 30, 2025 deadline is coming closer on the horizon. UAE companies cannot afford to waste any time to file their returns.

What’s UAE VAT status for overseas service providers?

Often, overseas based service providers are selective in charging VAT

Overseas service providers need a rethink when it comes to assigning VAT on B2B supplies into the UAE.

Why a unified VAT registration number matters

UAE businesses seeking switch in ‘entity type’ will welcome single VAT

A unified VAT will be invaluable for businesses that seek a change to their status.

UAE businesses gain from tax deadline fine waiver

FTA’s move is for the first tax period – will new companies benefit in 2026 too?

The UAE tax authority has provided an impetus for businesses to sort out their tax registrations, even when they have missed deadlines.

Handling deductible expenses under VAT

Businesses have to go through such expenses in detail to come up with the right outcome

The subject of expense deductions will need further insights and interpretations to be in full compliance with VAT rules.

What UAE businesses must do on VAT for imports

FTA provides updates on how imports of goods and services can be factored in

Corporate Tax

How will barters impact on UAE VAT rules?

Businesses that engage in exchange of goods or services need to be doubly sure

Barter deals can be monetary or non-monetary in nature. But businesses must be laser-focused on how these are accounted for in VAT.

Will VAT have to factor in multiple charges too?

New UAE VAT rule now requires no separation of price components in single composite supply

UAE businesses need to navigate through the new VAT rule switch with caution.

What UAE’s VAT update means for invoices on imports

New VAT clarification has led businesses to seek out more info on issuing tax invoices

The new VAT update provides food for thought for businesses with sizable imports of goods and services.

UAE tweaks tax guidelines for qualifying funds

Investors in such funds need to carefully track ‘diversity of ownership’ mandate

The recent UAE corporate tax updates provide fresh perspectives on exposure in qualifying investment funds and real estate investment trusts. Investors need to be mindful of the 'nexus' aspect.

UAE clarifies VAT on visa application services

It is a subtle distinction on VAT costs for manpower supply and visa facilitation

The latest Federal Tax Authority VAT update provides for distinction between manpower supply and visa facilitation service fees.

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