Welcome to Let’sTalkTax, your go-to podcast for UAE tax insights! In our special series, Daily VAT Clarity, hosts Max and Luna break down FTA VAT clarifications in a clear and engaging way. No jargon, no confusion—just expert analysis to help businesses, accountants, and tax consultants stay compliant.

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Stay informed. Stay compliant.

Welcome to Let'sTalkTax! In our special series, Daily VAT Clarity, hosts Max and Luna simplify FTA VAT clarifications one document at a time. This series brings clarity to existing rules, making compliance easier for everyone—business owners, accountants, and tax consultants alike.

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Stay informed and simplify VAT with Let'sTalkTax!

In this episode of “LetsTalkTax,” we break down the UAE Federal Tax Authority’s recent Public Clarification on the new optional mechanism for challenging tax assessments and penalties. Known as the Tax Assessment Review, this approach allows individuals to seek an independent review of their tax assessments by FTA officials before opting for a formal reconsideration. We’ll discuss who can request a Tax Assessment Review, the steps involved, and what options are available if the review outcome isn’t satisfactory. Tune in to understand how this update, under the Federal Decree-Law No. 28 of 2022 on Tax Procedures, could impact your tax compliance journey in the UAE.

In this episode, we dive into the United Arab Emirates Financial Intelligence Unit’s (UAEFIU) 2024 mid-year report, which examines suspicious activity (SARs) and suspicious transaction reports (STRs) filed by reporting entities. We discuss emerging trends, report quality, common pitfalls, and key recommendations for improving reporting practices to combat money laundering and terrorist financing. Plus, hear insights from a real case study with valuable lessons for future investigations.

Welcome to ‘LetsTalkTax’, where we explore the latest in UAE tax regulations. This episode covers the Federal Tax Authority’s grace period from January 1, 2024, to March 31, 2025, allowing updates to tax records without penalties. We’ll break down what needs updating, the process for doing so, and how to reverse any penalties if they were previously imposed. Tune in to stay informed and compliant!

In this episode of LetsTalkTax, we dive into the UAE Federal Tax Authority's latest Public Clarification on VAT treatment for companies providing visa facilitation services within corporate groups. We explore the distinction between manpower services and visa facilitation, unpacking the criteria for determining the nature of these supplies, including the role of employee supervision and control. We'll also break down the rules for valuing supplies between related parties and the VAT implications for companies offering these services. Join us as we simplify these complexities and provide practical insights for businesses navigating these VAT challenges in the UAE.

This episode talks about significant changes to the United Arab Emirates' (UAE) Value-Added Tax (VAT) Executive Regulations, effective from November 15, 2024. The episode focuses on key amendments, including exemptions for fund management services and virtual assets, input tax recovery on medical health insurance, and adjustments to export regulations. The changes aim to align the UAE VAT framework with evolving economic activities, particularly in the virtual asset market, and to provide greater clarity and consistency for businesses in their VAT compliance obligations.