UAE and other Gulf countries enjoyed the benefits of oil and petroleum export for decades. They used this advantage to provide high lifestyle to their citizens and residents at very low cost and also provided tax free incentives to businesses. This resulted in the growth of commercial activities and arrival of large number of investors…
Just a week is left in the enforcement of value added tax (VAT) in UAE but things are yet not completely cleared for most of the common people. There are still questions about application of VAT on various goods and services and the authorities are trying to simplify the situation as much as possible. One…
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…
There is lot of discussion and searching for information regarding VAT (value added tax) in Dubai and among people intending to start business in the country as the tax will be implemented from 1st of January 2018. Both residents and entrepreneurs are somewhat worried about the effect of VAT on their everyday lives and businesses…