The introduction of VAT has been relatively recent, but the impact of VAT in UAE is enormous. The VAT implementation was done at a standard rate of 5% (except certain items which are taxed at 0% or are exempted under VAT) from 1st January 2018. This rate was decided by all the GCC countries together and […]

Freelancing is very beneficial as it provides an opportunity to earn without joining any organisation and thus has become a favourite choice among people of UAE. However, they now have to take into account the recent introduction of the Value Added Tax. The VAT in UAE was introduced on 1st January 2018 and has brought new […]

The VAT is one of the recently initiated steps taken by the GCC countries. The idea of launching this step was to bring out a new source of revenue. Being a part of GCC, the United Arab Emirates (UAE) needs to implement the same. Now, at this point, it becomes essential for business investors, owners, […]

By the start of 2018, the GCC countries have taken a step forward to open another revenue gate for the nations which ultimately introduced value added tax for the business entities at a rate of 5%. This implementation has been done in order reduce the disruption caused in the business sector as well as to deal the […]

In the past few years, there has been a gradual but noticeable increase in the number of businesses which are being established in countries abroad. This has been possible due to the advancements in technology, increasing globalization and the shrinkage of the world as a result of better and seamless internet connectivity around the globe. […]

With a view of giving birth to a new source of income, the United Arab Emirates (UAE) has taken a decision to implement VAT with a rate of 5%, that saw the light of day on 1st Jan 2018. Although, this initiative is taken with the aim of boosting the Emirates economy, the same has turned […]

The UAE havs transformed itself into a tourist spot. In the first half of 2018, Dubai itself has attracted more than 8.1 million tourists from every corner of the world. Visitors get fantasized with the tourist spots and are also driven by the craze of shopping in Dubai. As we all know, the Emirates are […]

Value Added Tax or VAT was introduced in UAE on 1st January 2018 with the aim acquiring a new source of income which would help the government in the achievement of its vision of reducing the dependence on oil and other hydrocarbons as a source of revenue. The VAT is considered as a general consumption tax […]

Value Added Tax (VAT), at the rate of 5%, was introduced in the UAE from 2018. According to the Federal Tax Authority (FTA) and the Dubai Land Department (DLD), VAT should have only a negligible impact on the real estate in the UAE, since about 85% of the components in the real estate sector are […]