- Products & Services E-Trading (Online / Digital Sales)
Helping Businesses Grow with Smart Accounting
- Products & Services E-Trading (Online / Digital Sales)
Products & Services E-Trading (Online / Digital Sales)
IFRS – Bookkeeping
- IFRS 15 – Identify performance obligations (goods vs services)
- Distinction between principal vs agent
- Revenue net or gross based on control
- Recognition of platform fees & payment gateway charges
VAT (FTA)
- VAT depends on place of supply
- UAE sales → 5% VAT
- Export of goods → Zero-rated (with proof)
- Digital services to non-UAE customers may be out of scope
Corporate Tax
- Platform income fully taxable
- Marketing, software & IT expenses deductible
- Transfer pricing applies if cross-border related parties involved
