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 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…
UAE has always remained an important country for foreign residents and tourists. Hundreds of thousands of foreigners are residing in different parts (especially Dubai, Abu Dhabi and Sharjah) of UAE while millions visit every year for entertainment, medical, business and other purposes. UAE has long being seen as a business hub and investors are always…
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 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…
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…