Blog

Companies worldwide are required by the regulations specific to the country to pay taxes and file corresponding returns with the respective authorities. UAE has been one of the most attractive investment destinations for companies worldwide because of its geographical location,...

In a much welcome move, the Federal Tax Authority in UAE has announced revisions/reductions in Administrative Penalties applied for VAT non-compliance by issuing a new Cabinet Decision No. 49/2021. This was a much-needed and awaited move from the Tax Authority...

Capital assets form a huge part of a business. Without capital assets, it is almost impossible for a business to survive. The UAE government recently introduced Value Added Tax (VAT) at a rate of 5%. The UAE VAT law allows...