The dawn of the world of the internet and technology has opened many doors to others, making things easier. The emergence of freelancing gave people the ability to work at home’s comfort, or wherever they were, without even having to move to an office. As a result, the hustle and struggle of going to work every day are scraped […]

The Implementation of Value Added Tax (VAT) has been a very important change in the taxation regime of the United Arab Emirates. The recent changes released by the Federal Tax Authority (FTA) has some new clarifications to understand. VAT Updates Public Clarification on VAT registration of Sole Establishments The Federal Tax Authority, UAE, has released […]

There is a great need to create and maintain business records in the United Arab Emirates, especially after the implementation of Value Added Tax. Keeping a record of all the transactions related to the business will not only help in finding out the present condition of the business but will also help in deciding a […]

Value Added Tax is an Indirect tax which is levied on most supplies of goods and services. With effect from 1 January 2018, VAT is paid at each phase of the supply chain and is valid to all eligible companies. VAT-registered companies will submit a VAT return document to the Federal Tax Authority (FTA) periodically […]

VAT is a kind of indirect tax applied in more than 180 countries around the world, on all purchase of products or services paid at the time of sale. In the region of the UAE, it has been made mandatory to pay VAT. Thus, before the imminent deadline, all the companies in the region must present […]

The tax system in the UAE has witnessed a considerable change in recent years. At first, the country used to have almost no taxes, but to reduce the dependency of the country on the revenue generated by the oil and gas sector and to better the economy and infrastructure of the country UAE Government decided […]

Everyone knows that the United Arab Emirates has an extremely rich reserve of oil and gas and has a very flourishing hydrocarbon industry. Other than Dubai, UAE is heavily dependent on the oil and gas sector. The UAE has aimed to reduce its dependence on the hydrocarbon sector and is working towards it gradually. They […]

The COVID-19 pandemic wreaked havoc all over the world by itself, but now the after-effects of the virus are gradually getting visible. It is anticipated that the whole world will plunge into a global recession. This will be caused as almost the whole world is currently under lockdown and almost all the business are not […]

Value Added Tax (VAT), considered an all-purpose utilization tax, is levied on the mainstream businesses in supplies/goods and services. It is advised to consult a VAT consultancy service in the UAE to pursue business within a legal framework. VAT Intimations on Corporations Companies involved in business or trade are accountable to carefully document certain features […]

The United Arab Emirates is a league of seven emirates, with local governments and the autonomous emirate. When the countries like Libya, Syria, and Egypt were withstanding some severe turbulence, the federation of seven emirates was considered a safe playground for the investors since the beginning of this century. Businesses have grown seamlessly in the […]