الخميس، 26 ديسمبر 2019

Now, VAT for UAE ads on Facebook. Facebook announced a 5 per cent value added tax (VAT) for UAE advertisers




Dubai: Social media giant Facebook has announced all advertisements on its platform in the UAE will now be subject to a value added tax (VAT).
This means any individual or entity looking to advertise on Facebook will have to factor in an additional five per cent VAT on its services.
The move by Facebook follows the larger implementation of VAT in the UAE since January 1 2019.
Meanwhile, Facebook Business issued UAE users a notice to this effect.
“Due to an implementation of a value-added tax (VAT) in the United Arab Emirates, Facebook is now required to charge VAT on the sale of ads in UAE. All advertisers with a 'sold to' of United Arab Emirates that have not provided a tax registration number will be charged VAT at 5% on advertising services.
If you haven't already, here is how to update your account:
  1. Go to Account settings
  2. Add or confirm your state
  3. Add your 15-digit tax registration number
  4. It is important that you provide a valid tax registration number. We are legally required to verify this number with the UAE tax authority. Invalid tax registration numbers will be disregarded and as a result, you will be charged a 5% VAT on the purchase of ads.
For additional information, you can visit Facebook's 'help content'.
For more information regarding your Business Set-up/Tax/Audit/Accounting or other services please visit our website www.a-h-g.net or drop us an email on info@a-h-g.net

We are one of the leading Audit company present in 4 countries. Approved TAX Agent by the Federal Tax Authority and one of the very few Tax Agents who operates with Excise Tax and have a deep understanding for its needs which helps our clients comply with law requirements and Latest FTA Announcements.

الثلاثاء، 17 ديسمبر 2019

Tax refund scheme for tourists received 2.38m applications in its first year More than 12,000 retail stores across UAE connected to tax refund scheme




Abu Dhabi: The Federal Tax Authority (FTA) on Tuesday announced that it had processed a total of 2.83 million applications through its electronic system for the tax refunds for tourists scheme.
According to the FTA, the average daily number of applications doubled to 7,730 requests per day in only its second month. The FTA also revealed that over 12,000 retail stores across the UAE were signed up to their electronic tax refund scheme for tourists.
“All evidence point to a dramatic increase in customer satisfaction with the electronic system for the Tax Refunds for Tourists Scheme, which is available at 12 ports of entry, including six airports, two maritime ports, and four land border crossings,” said Khalid Ali Al Bustani, director general of the FTA.
“Tourists have hailed the system’s speed, where a request for refund is processed seamlessly and in under two minutes,” he added.
Al Bustani also said that the number of self-service kiosks for tax refunds grew by 55.2 per cent since the end of July to a total of 45.

For more information regarding your Business Set-up/Tax/Audit/Accounting or other services please visit our website www.a-h-g.net or drop us an email on info@a-h-g.net
We are one of the leading Audit company present in 4 countries. Approved TAX Agent by the Federal Tax Authority and one of the very few Tax Agents who operates with Excise Tax and have a deep understanding for its needs which helps our clients comply with law requirements and Latest FTA Announcements.