The imposition of a Value Added Tax (VAT) system on the 1st of January, 2018 began the UAE taxation revolution. Today, the UAE earns revenues through the countries’ VAT system which sits at 5% VAT. This has an effect on businesses within the UAE and…
The adoption of corporate tax in the United Arab Emirates (UAE) is a paradigm shift in the country’s economic strategy. The UAE is now introducing a federal corporate tax, which is in alignment with the global economic framework. This marks a significant turn from the…
As a hub for business, Dubai stands out due to its economy’s landscape and the connectivity with global market. With the implementation of corporate tax by the UAE and the introduction of new challenges for companies that operate in Dubai. As business operations grow and regulatory frameworks…
The recent changes in United Arab Emirates business regulations, particularly their tax system for corporations, have altered the business environment drastically and forced all businesses operating in Dubai to adhere to specific filing requirements to avoid legal issues. Because of recent changes to corporate tax regulations,…
In today’s Dubai business environment, companies may encounter situations where they need to stop their VAT registration. VAT deregistration in Dubai is regulated by the Federal Tax Authority (FTA) and is necessary for companies that no longer qualify for VAT registration due to their activities…
In the United Arab Emirates, the Value Added Tax (VAT) system has been effective since 2018. As with other jurisdictions, businesses in the UAE reach a particular revenue threshold are mandated to register for VAT. However, there are some circumstances where a company may choose…
