We offer tax advisory services which include assisting clients in managing and resolving their tax disputes. For businesses that operate globally, tax issues can often be complex as each jurisdiction has its own tax requirements.
Previously, tax was not applicable to businesses operating in the UAE. However, a Value Added Tax (“VAT”) of five percent was introduced to the jurisdiction on 1 January 2018. This tax is mandatory for businesses whose taxable supplies exceed AED375,000 per annum or is anticipated to exceed that amount. Additionally, businesses can also voluntarily register to be a tax registrant if their taxable supplies exceed AED187,500 per annum or if the business expects to exceed that threshold within the next 30 days.
It has therefore become vital for businesses operating in the UAE to comply with the relevant VAT laws and regulations. Furthermore, it is important for businesses to consider the tax implications of each transaction and understand the rules applicable to same.
We at CLOUT have extensive knowledge and experience regarding the VAT laws and regulations in the UAE. Furthermore, we are well versed in engaging with the UAE Federal Tax Authority (who are responsible for administering, implementing and collecting taxes in the UAE) to deal with issues related to tax returns, tax penalties levied or any tax disputes on behalf of our clients. We are therefore able to clarify any legal issues related to VAT and offer solutions that promote the interest of our clients.
Mrs. Fatimah Buqaila is an associate at Clout Law Firm – Jordan.
Abeer is an associate at Clout Law Firm – Jordan. She Has experience in regulatory matters, business incorporation...
Ala’a Oqdah is a Senior Lawyer in the dispute resolution team of Clout Law firm - Jordan. He has practiced law...
Turki A. Zrikat is a Senior Lawyer in the dispute resolution team at Clout Law firm - Jordan.
Dr. Murat Can Pehlivanoğlu is a Partner and is also Head of Clout offices in Istanbul, Turkey.
Ahmad H. Haddad is a Co-Managing Partner at Clout Legal Consultancy Firm, UAE and Clout Law Firm - Jordan.
Mr. Ayham A. Othman is the Co-Managing Partner of Clout in the United Arab Emirates, Jordan and Turkey.
Mr. Abdallah Nassar Othman is the Founder and Managing Partner of Nassar and Partners Law Firm.
Mr. Hamza Ahmad Haddad, the Former Minister of Justice and the Founder of Law and Arbitration Centre...