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 criminal activities. But after reviewing the steps taken by these countries in the later months, now the EU has decided to remove the names of 8 countries from…
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 government is also trying to reduce problems of common people by providing complete information about the goods and services affected by VAT (value…
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 since 1st November 2017 and it will remain open till 7th April 2018. In order to attract more and more citizens and tourists, the administration of the…
Since past several decades, Dubai is leading the economy in GCC despite being deprived of oil and energy. Dubai achieved this status mainly due to business and tourism industry and its reliance on diverse economy for long term. The trend is not going to change in the near future also and it will rather accelerate…
Apart from being a business-friendly city, Dubai is also famous for providing a high lifestyle and basic facilities for its citizens and expats. This high lifestyle of Dubai available at an affordable price is a primary reason that millions of people from around the world have made Dubai their place of residence. The numbers of…
Value Added Tax (VAT) is the hottest topic in UAE nowadays. Businessmen, salaried persons and common people all are wondering about the impact on their lives after implementation of VAT. UAE and Saudi Arabia are two countries that have announced to implement VAT on various goods and services from 1st of January 2018 while other…