The implementation of value added tax (VAT) in UAE at the start of year 2018 was a new step that wasn’t quite welcomed by most of the businesses. There was quite distress and fear among companies about payment of their taxes and decrease in their business activity due to increase in prices of their products…
The government of Dubai surpasses all the other emirates of UAE in providing facilities to various businesses. It is an important reason behind growth of all types of businesses in Dubai as compared to other emirates. The rulers of Dubai are taking keen interest in development of various sectors in Dubai and they take appropriate…
UAE is known as a hub of infrastructure that is highlighted by its high raising buildings and well-constructed roads and ports. Apart from that, preparations for Expo 2020 are underway in Dubai and it is putting a positive impact on the overall growth and infrastructure of UAE. This is also revealed in the latest report…
Earlier this year, Dubai’s Crown Prince Sheikh Hamdan bin Mohammad launched 26 projects by 24 government entities of Dubai as part of “Dubai 10X”, aimed to make Dubai the hub of innovation. Under this initiative, DAFZA (Dubai Airport Free Zone Authority) has now announced its plans to start two of these projects, Dubai Blink and…
The 2nd quarter after implementation of value added tax (VAT) is underway and the authorities and experts are closely examining impacts of this newly-implemented tax on various sectors. Previously, this tax was also reviewed on few important sectors that were facing negative effects after VAT. One such example is the reversal of VAT on gold…
The government of UAE is moving rapidly towards a completely change in direction of its economy. The wise rulers of the country are certainly aware that they can only progress in this modern world by using education and technology to its greatest extant. Due to this, the focus is completely on altering the focus of…