Value added tax (VAT) in UAE is covering most of the sectors in the country. But there are also few exceptions from this newly implemented tax. One such area is the residential homes. Recently, the FTA (Federal Tax Authority) has announced the procedure for UAE nationals through which they can refund VAT for newly constructed…
The holy month of Ramadan has started in UAE, Middle East and most of the countries around the world. It is the most important and special month for all Muslims. The month is completely different from the remaining 11 months of the year as Muslims refrain from eating, drinking, and smoking during day time. The…
The Ramadan moon can’t be sighted on Tuesday 15th May 2018 after which it has been declared that the starting day of Ramadan 2018 in UAE is 17th May 2018. Like other Muslim countries, Ramadan plays a special role in the daily life of people and everything changes in that single month as compared to…
As compared to most of the other emirates of UAE, Dubai always tried to achieve economic prosperity on the basis of business and tourism. For this purpose, Dubai took concrete steps soon after its independence. This business-based economy of Dubai played an important role in the current economic stability of UAE after the 2014 oil…
At the time of implementation of VAT (value added tax) in UAE, the tax was levied on almost all the goods and services in order to increase tax net. But with the passage of time, the govt. is taking a close look at the impact of VAT on different sectors and examining that whether the…
The swift and wise steps taken at the right time by rulers of UAE have helped the country to keep its economy stable even in difficult times. All the countries in the Gulf region suffered after 2014 oil crisis but the only country that was able to revive its economy to its previous level in…
