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

All the companies based in the UAE have to abide by the VAT rules put forward by the Federal Tax Authority. However, in order to be fully compliant companies have to ensure correct implementation of VAT in all business functions. With the pressure of growth, changes in economy, plummeting sales

With the recent rules and regulations of the Federal Tax Authority in place, it has become mandatory for businesses in UAE to get their Tax Registration Certificate (TRC) and become taxpayers as soon as possible. It should be noted, however, that the tax system in UAE requires businesses to be

Since the past three to four years, UAE has focused considerably on smooth collection of VAT from businesses. So much so that the Federal Tax Authority has now started auditing businesses to make sure that they have complied with the VAT regulations. In a case where enterprises fail to comply,

All the companies based in the UAE have to abide by the VAT rules put forward by the Federal Tax Authority. However, in order to be fully compliant companies have to ensure the correct implementation of VAT in all business functions. With the pressure of growth, changes in the economy,