The Two UAE VAT Registration Thresholds UAE VAT registration operates on two thresholds — one that creates a legal obligation and one that creates an option. Understanding which applies, and what counts toward the calculation of each, is the starting point for any UAE business assessing its VAT position. Mandatory registration threshold: AED 375,000 — … Read more
Supervision of virtual assets in Dubai falls under the Virtual Assets Regulatory Authority (VARA), which has established a broad regulatory framework overseeing virtual asset activities. This includes compulsory rulebooks applicable to all Virtual Asset Service Providers (VASPs), alongside customized guidelines for each defined virtual asset activity. This guide covers the key areas a VARA audit … Read more
What JAFZA Approved Auditors Are JAFZA approved auditors are external audit firms that have been specifically authorised by the Jebel Ali Free Zone Authority to conduct statutory audits for companies licensed in the free zone. Being a licensed audit firm in the UAE — registered with the Ministry of Economy — is a necessary but … Read more
What VARA Is and Why It Matters The Virtual Assets Regulatory Authority (VARA) is the world’s first independent regulatory body dedicated exclusively to virtual asset oversight. Established under Dubai Law No. 4 of 2022, VARA is responsible for licensing, regulating, and supervising all virtual asset activities and virtual asset service providers (VASPs) operating in or … Read more
What Is Excise Tax in the UAE? Excise tax is an indirect tax imposed on specific goods considered harmful to public health or the environment. It was introduced under Federal Decree-Law No. 7 of 2017 on Excise Tax and took effect on 1 October 2017. Unlike VAT, which applies broadly across most goods and services, … Read more
The Excise Tax Return Cycle in the UAE Every registered excise taxable person in the UAE must file an excise tax return for each tax period and pay any excise tax due by the prescribed deadline. The tax period for excise tax is one calendar month. Returns must be filed and payment made by the … Read more
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