UAE is a hub to many businesses in a variety of sectors. The location proximity of the UAE, stable governance and the business-friendly ecosystem have led many companies and entrepreneurs to start and run their businesses over years successfully. The opportunities created by the firms has led diaspora around the world to move their jobs […]

Value Added Tax (VAT) was introduced in the UAE and other gulf countries and came into existence with effect from 1st January 2018. The significance of VAT covering most of the goods has led to the rapid adoption of the tax across the country with the technology and clear guidelines from the Federal Tax Authority […]

The Gulf Cooperation Council (GCC), a six-member union of gulf states decided to implement new taxation named Value Added Tax (VAT) to check the falling revenues due to the volatile oil prices and invest the same amount towards improving the infrastructure. GCC signed the unified agreement in 2017 with all the member states agreeing to […]

All businesses operating in a jurisdiction are required to pay taxes as per the taxation policy of the particular jurisdiction. The taxes paid by the companies varies from country to a country. In the UAE, businesses operating in the UAE are exempt from any income taxes and corporate taxes (though corporate taxes are levied on […]

The UAE offers businesses worldwide many opportunities to achieve the next phase of growth and achieve success. The Government supports the enterprising individuals and global companies alike by providing them world-class infrastructure, cutting down red tape, unrestricted access to the global resources, skilled workforce and effective tax structure. The tax structure in the country is […]

The UAE is one of the world’s top countries with a robust business-friendly ecosystem supporting local and international businesses. Value Added Tax (VAT) was introduced recently and came into effect from 1st January 2018, and all eligible companies are required to file annual VAT returns. The business-friendly framework meant the federal government had allowed the […]

Value Added Tax or VAT is a fairly new addition to the tax roster in the United Arab Emirates. Taxes play a very major role in the economy of a country as they help the government to amass funds which will eventually help them to build infrastructure for the people of the country. This is […]

Presently as the VAT has actualized in UAE, there are a bunch of decisions and guidelines that are to be kept up by the individuals. Who has enrolled for VAT? The support of records is as significant for the registrants as it was for them to get registered for VAT. The registrants ought not to […]

The goal of every taxpayer is to attenuate Tax Liability. To accomplish this objective taxpayer may resort to the following Three Methods : 1. Tax Planning 2. Tax Avoidance 3. Tax Evasion Now let us discuss the essential method to manage tax liability i:e Tax Planning Tax planning Tax planning is all about analyzing the […]

Taxes play a very important role in a business and managing these taxes can mean the difference between the existence or liquidation of a business. each jurisdiction has its own rules and regulation for taxation and o understand and comply with these rules and regulations is the most important thing for a business. If there […]