Nam Accountants

ALL NON-UAE RESIDENTS ABOVE 18 YEARS OLD WILL BE ELIGIBLE FOR TAX-FREE SHOPPING. The UAE looks set to put an up-to-date system in place for VAT refund to millions of tourists from November. The  VAT refund  system will be initially available at Abu Dhabi, Dubai and Sharjah airports and by year-end, it will be extended to 12 exit points, including the land borders and ports, it is learnt. Federal Tax Authority (FTA) and Tourist Refund Scheme operator Planet have issued guidelines setting a minimum limit of Dh250 to claim VAT refund. Planet said all non-UAE residents above 18 years old will be eligible for tax-free shopping. According to its website, tourists will be able to validate their tax-free forms at Dubai International, Abu Dhabi and Sharjah airports until December 16 whereafter the system will be in place at nine more locations - Al Maktoum airport, Abu Dhabi Port Zayed, Al Ain Airport, Al Ain land border, Fujairah Airport, Ras Al Khaimah Airport, Al G...

The decision is aimed at supporting UAE businesses in achieving VAT compliance Seed Group has announced a partnership agreement with a registered VAT and tax advisory firm WTS Dhruva. The group, a conglomerate of companies, owned and operated by the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said the decision is aimed at supporting UAE businesses in achieving their  VAT compliance , avoiding any risks of errors at any point of the VAT filing process and beyond, as well as offering  VAT advisory services  and solutions through a customised automated reporting VAT digital compliance tool designed for the GCC. "Over the last year, WTS Dhruva worked with multinational clients and regulators on challenging  tax environments , policies issuance and infrastructures. The firm will have a positive role by supporting businesses come to grips with tax issues," Hisham Al Gurg, CEO of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum and Seed Group s...