UAE business back to normal after VAT roll out.

February 20, 2018

While the first week of VAT in the UAE saw a slump for several businesses, the following weeks saw the businesses come back to normal, said an industry expert. Introduction of VAT certainly created a stir in the country, but in its first month of implementation...

No VAT in realty transactions in designated zones

February 20, 2018

Sale and lease of both commercial and residential properties in designated zones will be outside the scope of VAT, according to the latest clarification issued by the Federal Tax Authority (FTA) at a meeting with a group of tax consultants in the UAE. "Sale or...

VAT to help lift UAE Industries

February 20, 2018

UAE businesses will be least affected by the imposition of value added tax (VAT) because it is one of the lowest rates in the world and the government will also be pumping back tax funds into the development projects which, in turn, will boost a number of industries...