Owning a business may be quite lucrative in Dubai because it is a place full of chances and opportunities. Many people, however, are unaware of Dubai’s corporate structures. Company formation in Dubai seems very difficult but it becomes easygoing when you have basic knowledge of Dubai’s business landscape. Therefore, if you are one of those individuals seeking… Read More »
The first UAE VAT return, which companies must file for which the monthly VAT return is important, is due on February 28, 2018. Businesses must use the Federal Tax Authority (FTA) portal to submit their VAT returns online. If no offline filing options are available using XML, EXCEL, or any other software; the FTA portal… Read More »
For a long time, the UAE has been a tax haven! Entrepreneurs and small company owners from all over the world were flocking to Dubai and other Emirates to pursue their goals. Because of the subsidized corporation tax and hospitable business climate. To flourish. To accomplish. The corporate climate evolves as time goes on. The… Read More »
VAT A value-added tax (VAT) is a form of tax that is levied gradually. It is applied to the price of a product or service. Usually applied at each stage of manufacture, distribution, or sale to the end user. The final customer can reclaim the VAT tax paid if they are a firm that collects… Read More »
The application of Value Added Tax will be revolutionary for the country as it will not only benefit the growth of the economy but will also support the progress of the country as a whole. This would prove to be one of the critical steps that the state takes to expand its economy. Oman would… Read More »
As more and more governments view value-added tax (VAT) as part of an overall solution to boost their economies, they have also taken a harder look at VAT fraud and its ramifications, said an industry expert. Countries over the world and particularly the UAE have taken special measures to ensure that fraudsters and violations are… Read More »
