Recent past has seen reduction in oil and petroleum prices that alarmed the countries depending solely or heavily on oil & gas. These nations started taking measures to minimize the eminent effects of this change on their economies. UAE is one among these countries. Apart from diversification of its economy (Dubai is already hub of…
The preparations for upcoming Value Added Tax (VAT) are underway in UAE and now in a latest move, the government has started registration for tax agents and tax accounting software vendors. According to details, the Federal Tax Authority (FTA) has opened registration for tax agents and tax accounting software vendors. Minimum three years of experience…
Apart from being a business-friendly city, Dubai is also famous for providing a high lifestyle and basic facilities for its citizens and expats. This high lifestyle of Dubai available at an affordable price is a primary reason that millions of people from around the world have made Dubai their place of residence. The numbers of…
In a surprise move, the UAE government has announced the implementation of Value Added Tax (VAT) on all food items. VAT will be implemented in UAE and Saudi Arabia from 1st of January 2018. Saudi Arabia has also decided to impose the tax on food items. The other GCC countries will also impose VAT in…
The 22nd Dubai Global Village has opened for public on 1st November 2017. This most awaited annual event will run till 7th April 2018 where millions of visitors from all around the world are expected to participate. The events of the 22nd global village started on 16:40 local time. The event is marked for providing…
Recently, Dubai surpasses another milestone with an announcement to launch a free zone specifically for the rapidly increasing e-commerce sector in the country. The aim of this project is to invite more foreign direct investment in UAE in order to boost non-oil sector of the economy. According to details, the “Dubai CommerCity” is a joint…