Don't let UAE cashiers round up numbers for you

September 4, 2018

It happened again today. I bought my lunch at an international hypermarket — I shall not say where. The cost was Dh15.30 and I gave the cashier Dh16. She gave me 50 fils in change. Where, I wondered, did the other 20 fils go? I am but a single stalk of wheat...

VAT will attract more global investors to UAE realty

September 4, 2018

When value-added tax (VAT) was introduced in the UAE and Saudi Arabia on January 1, 2018, initially stakeholders were wary on the potential impact of the new tax policy on the economy. A study conducted by Alliance Business Centers Network said that the UAE...

More relief as three UAE free zones are out of VAT scope

July 16, 2018

The UAE's Federal Tax Authority (FTA) has added three new free zones to the list of designated zones that will be out of the five per cent VAT scope imposed earlier this year. The new addition sees the total designated zones increasing to 23 across the...