General
EU Removes UAE From Tax Haven Blacklist
In December 2017, European Union blacklisted 17 countries for being tax havens and use of these locations by companies and individuals for money laundering, tax evasion and…
Business
Dubai Gold & Diamond Park
Dubai is the most business-friendly emirate in UAE. It achieved this status especially with the extensive use of free zones that provide complete foreign ownership and tax-free…
General
Consumers Can Avoid Paying Extra Price After VAT
The tax free era in UAE has now completely ended. With the start of taxes on various goods and services, people are getting introduction for paying extra on various items. The UAE…
UAE Announces 20 Free Zones Exempted From VAT
Value Added Tax (VAT) has taken effect in UAE since 1st of January 2018. The tax is laid on most of the services and goods and a rather complete list of tax-affected items was…
Business
Ajman Offshore – A Unique Offshore Experience In UAE
UAE is providing one of the world’s best experiences for offshoring. An important aspect of offshore business in UAE is its availability in various locations. Offshore business is…
Local Governments Will Use 70% VAT’s Revenue
A week has passed since the implementation of value added tax (VAT) in UAE. Most of goods and services are slightly affected with the implementation of this new tax. But it seems…
General
Dubai Global Village Will Not Transfer VAT On Visitors
Dubai Global Village is one of the world’s largest shopping and entertainment events that has been held on annual basis since 1996. The current Dubai Village event is underway…
Business
VAT Will Benefit UAE’s Economy In Long Term: DED
Despite concerns about the effects of newly implemented value added tax (VAT) on businesses in UAE, the Department of Economic Development (DED) is confident that the new tax will…
No Effect Of VAT On Businesses In UAE
A new era has started in UAE and Saudi Arabia on 1st January 2018 with the implementation of value added tax (VAT). It is the first time that such tax was implemented in the Gulf…