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…
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…
Dubai has developed as a global business hub with entrepreneurs and multinational firms as well as small and medium-sized entities (SMEs) flocking to it from around the world. Strategically positioned on a global map with investor-friendly policies and a thriving economy, the emirate presents a…
