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 […]