Online shopping portals are subject to VAT..

The Federal Tax Authority (FTA) has confirmed that all purchases made through online shopping portals are subject to the same 5 per cent Value Added Tax (VAT) as any other purchase made through traditional outlets if the products purchased online are received within the UAE. The Authority explained in an awareness flyer issued on Friday […]

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Basic FAQ for VAT

Here’s a list of all the questions asked by our readers and Babu’s answers since we started this column. 1. Will my children’s school tuition fees be affected by VAT? No 2. Will VAT impact school expenses like bus fare, uniforms and text books? Yes, VAT is applicable on uniforms, text books and stationery. However, […]

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Should property owners registers for VAT?

If property is owned and self-used, registration is not required. If it is rented but if it is residential property more than 3 years old, registration is not required. However, if it is residential property newly constructed or a commercial property (irrespective of new or old), the registration is required, if the rental exceeds Dh375,000. [&hell...

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