taxable person


Also found in: Financial.

taxable person

is one who is, or who ought to be, registered for VALUE ADDED TAX as a result of the level of their TAXABLE TURNOVER.
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a statement that he or she is not a taxable person, or a photocopy of a decision showing that he or she is a taxable person,
"This ruling shows that where the taxable person pays the due tax and penalties before resorting to the TDSC, or the courts...the TDSC will study the matter in earnest and grant the taxable person remedy where possible," Abuwasel told Gulf News.
The FTA explained that the VAT Refunds for Business Visitors procedure calls for refunding taxes to business visitors who have no place of establishment in the UAE or another GCC implementing state; who are not registered or are not a Taxable Person in the UAE; who are registered as an establishment with a competent authority in the jurisdiction in which they are established; and who are from a country that implements VAT and refunds VAT to UAE entities in similar circumstances.
A registered business may apply the profit margin scheme to eligible goods in the following circumstances: if the goods were purchased from either a person who is not registered for VAT or a taxable person who calculated VAT on the supply by reference to the profit margin, i.e.
The platform also enables users to authorise agencies to carry out registration procedures, submit tax returns, and complete tax transactions on behalf of the taxable person, who is kept posted with real-time updates.
FTA and DLD said that all real estate transactions, with the exception of the sale of vacant commercial properties and commercial property leases, will be either not subject to or exempt from the 5% VAT, while leased commercial property will not be considered a supply during their sale by the taxable person and will therefore not be taxable.
In the context of business-to-consumer trade, a special VAT treatment will apply for sales and transportation of goods by a taxable person to a non-taxable person in another GCC country.
Tax changes of private individuals The definition of a taxable person has changed the Finance Ministry extended the definition of a taxable person with an unlimited tax liability to include an individual residing in the Slovak Republic.
If you are then flagged as a potential US taxable person, you are asked to sign forms clearing up any inconsistencies of US indicia.
However, such deduction may be refused if the taxable person knew, or ought to have known, that the transaction relied on as a basis for the right to deduct was connected with fraud.
3) the goods and/or services are supplied by a taxable person in the performance of his/its economic activities, i.e.
Under EU rules any supply of goods or services by a "taxable person" is subject to VAT.