GST Due Date for GSTR- 5 and GSTR - 5A for OCT 2022
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FTA set to launch EmaraTax on December 5
The ease of doing business has been a hallmark of the UAE and Emaratax will be the gateway to the future of taxation in the country. The Federal Tax Authority (FTA) on Sunday confirmed its intention to launch the EmaraTax platform on December 5 and said migration to the new platform will commence from November 30.
UAE announces new VAT exemption from January 1
Relief from value-added tax is available only to a natural person, be it an Emirati or an expatriate The UAE’s Ministry of Finance (MOF) on Thursday said director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to value-added tax (VAT) from January 1, 2023. Meanwhile, VAT will still apply to the director services for legal persons serving as board members that delegate a natural person to act in the name of the legal persons as a member of the board of directors.