Economic prosperity is the main feature of UAE and the country is trying its best to retain its position as one of the world’s strongest economy. Several reports have confirmed that UAE is expected to accelerate its economic growth in near future despite facing difficulties amid global oil crisis. The latest conformation of UAE’s economic…
The government of UAE is determined for the implementation of value added tax (VAT) on due date (1st January 2018) and it is evident from the latest incident in which a plea from an influential businessman and head of a federation was rejected by the government. Just few days ago, chairman of the UAE Banks…
Just one month is now left in the implementation of value added tax (VAT) in UAE but the things aren’t completely cleared yet. There are still several speculations going on about the products and services that will come under the previously announced and soon to be implemented tax even after the signing of the VAT…
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 exhibition season in Dubai has started and now events and exhibitions of international level are organizing one by one in Dubai. In the coming days, several such events will be organized in order to progress business opportunities in Dubai and also help local and international brands to introduce their products to consumers from different…
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…