New E-commerce VAT Reporting Rules for UAE businesses_

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As of 1 July 2023, Emirate-Level VAT Reporting will be implemented for resident taxpayers and will require them to report taxable supplies made through e-commerce in the emirate in which the supply is received if it exceeds 100 million UAE Dirhams ($27 million dollars).  

This new reporting requirement should result in a more suitable distribution of VAT revenue between the emirates and is in line with the global trend of taxing e-commerce supplies at the place of consumption. Read More

CRESCO Holding wishes everyone wonderful Merry Christmas.

May this Holiday Season sparkle, shine and may all your wishes and dreams come true, Merry Christmas. 🌲🌟

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Our UAE offices are closed from April 8-12, 2024, you may still reach us on +971 4 406 9680 as our team in Seychelles and the Philippines remain at your disposal. Eid Mubarak!