What is VAT in UAE? VAT or Value Added Tax in UAE was introduced on 1 January 2018, making UAE the 2nd country in the Gulf Cooperation Council group of countries. The UAE government has decided to implement VAT at a rate of 5%. VAT is providing the UAE government with a source of income […]
Value Added Tax (VAT) was introduced in the UAE on January 1, 2018. All UAE mainland companies are required to comply with various requirements under the new UAE VAT Law. The filing of VAT returns to the Federal Tax Authority (FTA) is a requirement for all companies registered under the UAE VAT law. Therefore, the […]
The understanding of Value Added Tax plays a major role in deciding the profit or loss incurred by a business. The management of the company should make sure that it is in compliance with all the rules and regulations of the business. In case the business is not compliant with the rules and regulations then […]
The concept of Value Added Tax (VAT) was implemented in the United Arab Emirates (UAE) on the 1st of January, 2018 with the aim of building a new source of revenue for the country. The rate for VAT has been decided at 5%. This VAT is applicable to both goods and services. If a service […]
The government of the United Arab Emirates aims to provide a conducive environment for all the businesses which are coming in from all over the world. Many people know about the different free zones in the country which assist in the growth and development of the businesses but not many know about designated zones in […]
In the recent past years, there has been a visible increase in the businesses which are being set up all around the world. This is because of many factors such as ease of setting business, easy transportation and communication between various places. This has helped in the increasing numbers of businesses which are set up […]
The recent Covid-19 pandemic has affected the economy and pushed millions of companies into near bankruptcy and closure. In addition, the pandemic has reduced consumption and affected the production and supply chains due to the subsequent virus-variant containment waves, frequent lockdowns and shortage of man and material. In the pre-covid times, companies operating in the […]
If a Limited liability company (LLC) is formed in the United Arab Emirates, then it is bound to have a director. This director receives a fixed remuneration for the services he provides on a regular basis. This remuneration for his management services is eligible for Value Added Tax (VAT) at a rate of 5%. It […]
UAE is popularly known as the Gateway to the Middle -East and Northern African regions. The UAE and the Emirati governments’ amiable business policies have resulted in UAE becoming the throttling business and investment hub. The UAE Government has introduced new VAT taxation, which will be an additional source of revenue for the infrastructure development […]
The UAE is popularly known as the gateway to the Middle East. It offers a stable government and adopted business-friendly policies supported by a sound legal system in line with international law. In recent years, innovative investment-friendly policies have resulted in businesses worldwide establishing a base in the country. Like in other Middle Eastern countries, […]
