Value-Added Tax or VAT (at the rate of 0% or 5%) was first introduced in the UAE in January 2018 on all goods and services supplied within the UAE region. However, a few of those supplies were distinctively categorized as exempted supplies. Since tax compliance is paramount for UAE businesses as well
VAT or Value-Added Tax is a tax paid by the consumer at the end of the supply chain. As the name states itself, it is a tax that is enforced incrementally on the price of the product or service at every stage of the supply chain when the value is added
The World Expo is coming this year to the UAE. The already buzzing sound of Expo 2020 Dubai chants are creating a wave of excitement for the people as well as the businesses that are soon to present their groundbreaking ideas and technological innovation in this one-of-a-kind business expo that
Since the year 2018, VAT in UAE has been collected from businesses at the rate of 5%. The businesses pay the output VAT on the sales that have been made but as the investment on the business leads to several expenses, input VAT is also paid in this regard. What is a
For ages, the UAE’s economy has depended on its vast hydrocarbon reserves with oil exports making up 30 percent of the UAE’s total GDP. However, the global pandemic that brought a technological revolution worldwide along with the expected decline in the reserves of oil and natural gas has brought to

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