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.

Comments

Post a Comment

Popular posts from this blog

Set up Restaurant in UAE

Image
Dubai, the city where approximately  4.7 million tourists  visit each year, provides an excellent opportunity for starting a restaurant business. Dubai is fast emerging as one of the top global food destinations and opening a restaurant in Dubai can prove to be extremely lucrative, if done correctly. Like any other city, there are specific business requirements you need to fulfill before opening a restaurant business in Dubai.  This article will guide you through the entire process of starting a restaurant in the Persian Gulf Coast of UAE. How To Open A Restaurant In Dubai Dubai has a strict  food code  that every eatery, be it a fine dining restaurant, cafe, or bakery have to abide by. This food code is designed to assist the person in charge of running the restaurant to operate as per the requirements. There are several things you can take into consideration when planning to open a restaurant and we have prepared a comprehensive list of those things. This list will help you open the
Read more

Error Encountered While Signing the PDF - Solution Given

Image
  Error Encountered While Signing - The Windows Cryptographic Service Provider reported an error- ASN1 bad tag value met Error Code - 2148086027 Sharing the PPT on how to resolve this problem on your own. Kindly Follow the instructions step-by-step given in the PPT. Regards GOV COM SERVICES Solutions exclusively only on our Telegram Channel - Join it Now -  https://t.me/govcomserv Download the PPT from our Telegram Channel Post LINK - https://t.me/govcomserv/208
Read more

Stop Being Lazy & Grab this Opportunity of Dubai - U.A.E

  Stop Being Lazy & Grab this Opportunity of Dubai - U.A.E Know the ways of removing the Laziness from your life. Stay Motivated and grab the opportunity !! Register for DUBAI-UAE Company Set up Webinar on 7th September - https://shorturl.at/asEIR 👈 👈 ( Opportunity for CPAs, ACCA, ICAEW, CA, CS, Tax Professionals & Book Keepers ) We are a CPA-CA Firm based in UAE with expertise in Company set ups, Taxation & Auditing. Know the basics - Costing, Timelines & Process of Company Set up, Visas & Golden Visas, Bank account as well as brief of Corporate Tax & VAT through our webinar.
Read more