Recent content by emihunter

if the foreign LLC is effectively owned and managed from UAE, then 9% UAE tax applies.

just go through the normal VAT registration process. on one of the pages there'll be a box you need to tick that says "apply for exception" or something similar.

was it a complex process for you to get the exception? did you have to provide a lot of documents or proof like bank statements?

if you don't have an employment contract then its considered a sale so you have to register if revenue is above 375k. I'd speak to an accountant if I were you though. the technical answer may be to register but most don't in reality.

I think he got rejected for the exception for some reason but then continues to file quarterly returns and just puts zeros in all columns so it's easy. if you do get exception granted, then you don't need to do any of this. I'm in the process of applying for exception, perhaps we should stay in...

thanks a lot for your help. finally getting some answers so I'm happy haha :) do you know roughly how late you were when registering?

do you think fines would be more or less now? I too have zero rated sales but unfortunately I crossed the threshold almost 2 years ago so I'm really worried about the consequences. I think I can manage the fines but I wonder if there'll be a lot more scrutiny (for example full audit) because...

the rules have changed and now you can apply for exception even though you're already vat registered. maybe its something you can look into? I'm stuck in a rut trying to figure out how much fines I'm going to incur with all of this as I'm really late to register

hi, did you go through the process of vat registration or getting exception in uae? would love to have a quick chat

were your supplies standard rated or zero rated? how much in fines did you end up paying? this is quite worrying for me...

do you remember how much fine you had to pay? it says 10k aed but I heard there'll be additional penalties based on the transactions and how late you registered

just adding here that Natural persons aren't allowed to give themselves a salary. Salaries cannot be deducted when calculating your profit for CT purposes.

just to rectify I'm seeking "exception" and not exemption status.

hey Rowena can I please get in touch with you?

every time I call them and ask for specific advise they've told me to contact a tax agent. tax agents also often sound clueless and tell me to contact the FTA lol