Tax Refund Expo 2020 in Dubai

For tax refunds, VAT related queries and other information, you can always refer to GCC Filings which is a one-stop solution for businesses looking for assistance in various spheres. GCC Filings helps you out with company incorporation, VAT registration, return […]

Unlimited VAT Refund for Tourists

Are you soon to visit the UAE for some retail therapy and shopping? Well, you surely have some reason to celebrate as the government has implemented the No-limit Tourist VAT Refund across a wide variety of retailers. According to the […]

VAT On Entertainment Expenses in Dubai

Entertainment expenses can be defined as the cost of entertaining customers or employees at social and sports events, restaurants meals and theater tickets, amongst other things. Deduction of business entertainment expenses is applicable only under certain conditions: a. you or […]

Penalties in UAE VAT

As far as tax payment is concerned, be it individuals or organizations, they either oversee it, or pay at the last minute. Ever since VAT has been implemented in the UAE, it is mandatory for business organizations to pay tax […]

VAT Update – Recovery of Cost under VAT in UAE

It goes without saying that there are multi-fold challenges involved in determining the VAT liability for recharges. The term ‘recharge’, often referred to as ‘recovery of cost’ generally does not have a legal definition but has come to acquire a […]

What is a Tax-Free 1035 Exchange?

The replacement of an annuity or life insurance cover with a new policy or tenure under Section 1035 Exchange is termed as a Tax-Free 1035 Exchange. Outdated contracts that hold little value in the market can be replaced by the […]

What is Penalty for Vat in UAE?

FTA or common known as the Federal Tax Authority has already approved the final & complete list of all administrative Fines as well as Penalties in the UAE which will get imposed on the businesses for the violations of the […]

Income Tax Filing for NGO

Non-Governmental Organizations (NGOs) or Non-Profit Organizations (NPOs) are private organizations formed to alleviate suffering, promote the interest of the underprivileged, protect environment, provide fundamental social services, or carry out community development. The motive of such organizations is to not work […]

Corporate Income Tax in UAE

UAE, from the investor’s end happens to be a very important business sector in Mid East. It comes with tax that can benefit in a number of ways. As a matter of fact, the tax system happens to be very […]