One of the most drastic change that got implemented in the GCC region was the implementation of VAT proceedings, which became a compulsion for the countries registered under GCC. The United Arab Emirates, being a part of the same circle, has implemented the VAT on 1st Jan 2018, backed by the idea that this would open […]

Whenever it comes to tax payment, it can be seen that individuals as well as organizations try to oversee it, or pay the same at the last minute.  Since its implementation, the VAT has mandated the business organizations to pay tax on time, which ultimately helps the government to strengthen the economy and take it […]

The implementation of VAT has been one of the turning points for the UAE market. It is quite well known that the Value Added Tax, commonly known as consumption tax, is an indirect tax which gets applied on the goods and services consumed. Although the concept of VAT in UAE has been adopted to fetch […]

The VAT has been introduced in UAE reasonably recently and has some huge implications on the business conducted in the country. If a company is registered under the VAT law, then the business is legally allowed to collect Value Added Tax from the customers and remit these taxes to the government. The VAT was implemented […]

One of the significant steps that were initiated by the GCC countries in 2018 was the inclusion of VAT in the world of business. The Middle East region is well-known for oil industries and fetches the revenue from the oil sources. In the past few years, the region has also concentrated on non-oil sectors and […]

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. […]