Michaela Merz


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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  / pixelio.de


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Upcoming webcast: VAT in the Gulf Cooperation Council (GCC)


I am delighted to invite you to the next in our series of Global ITX webcasts – VAT in the GCC, one month after implementation.

Date:   February 13, 2018
Time:  3:00pm – 3:30 CET (9 Eastern)

This webcast will update you on the latest VAT developments, since go live on 1 January 2018, Continue reading


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Upcoming webcast: VAT implementation in the United Arab Emirates


With VAT being implemented in the UAE in less than 5 weeks, on the 1st January 2018, PwC is pleased to invite you to this webcast where we will provide you with an overview of the UAE VAT Regulations and highlight the key points and possible gaps between these Regulations and the businesses’ general expectation.  Continue reading


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UAE – No delay to UAE’s VAT launch despite plea, says tax chief


Khaled Al Bustani, director general of the Federal Tax Authority, says VAT will start as planned on Jan 1 2018

The UAE is fully committed to introducing VAT on January 1 despite calls for it to be put back by a senior banker, it was announced on Wednesday. Continue reading


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UAE – VAT executive regulations published


This morning the long awaited UAE Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax have been announced.

Please click HERE to read the full announcement. Continue reading


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UAE VAT law released


The UAE has released the VAT law on last Sunday. Please see the ministry website for more Details.

If you have any questions, please do not hesitate to contact Nassim Tanouti on +971 566 816 561 or nassim.tanouti@pwc.com.

 

Bildquelle: Tim Reckmann  / pixelio.de


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President of the UAE isues the new Tax Procedures Law – will you be ready?


On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication. Continue reading