UAE: VAT Guide on Designated Zones – VAT Guide (VATGDZ1)

In brief

On 29 July 2018, the Federal Tax Authority (“FTA”) published a VAT Guide on Designated Zones – VAT Guide (VATGDZ1).

Guidance is provided on the specific characteristics of a Free Zone and how it can qualify as a Designated Zone for VAT purposes. Additionally, information and examples also detail the practical application of Article 51 of the UAE VAT Executive Regulations in order to help businesses operating in designated zones.Read More »

United Arab Emirates: New VAT developments in the GCC and guides being released by the FTA in connection with Article 53

I would like to inform you about the application of Article 53 of the VAT Executive Regulations and sets out guidance on non-recoverable VAT relating to entertainment / hospitality.
The guidance sets out detail and examples which are to be considered to determine whether or not costs incurred are to be seen as for business purposes and therefore recoverable for input tax purposes. In summary, the clarification covers the following key aspects: Entertainment provided to non-employees, Entertainment provided to employees, Definition of entertainment services.Read More »

UAE – GIBAN – paying via fund transfer

–  A GIBAN is a unique IBAN number that is given to every taxable person.

–  A taxable person can make a fund transfer from certain UAE financial institutions using the GIBAN provided by the FTA.

–  This payment method can be used for settling any outstanding VAT and Excise Tax amounts payable including tax and penalties.


–  This option should not be used for other payments such as Miscellaneous Payments.

for more details please click HERE.


Bildquelle: Makrodepecher  /

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