Deadline for submitting VAT returns extended in UAE

Deadline for submitting VAT returns extended in UAE

May 2, 2020

This enables taxable persons to meet their tax obligations without facing any difficulties. The Federal Tax Authority (FTA) on Tuesday issued a directive on an exceptional basis providing an alternative date of May 28, 2020 for the deadline of submitting...

Gulf governments should have a rethink on VAT

Gulf governments should have a rethink on VAT

May 2, 2020

Since the outbreak of the coronavirus, Gulf countries have taken a series of urgent measures to support the business sector, companies and individuals, to help them cope with the economic fallout. For businesses, these nations created stimulus packages in the tens...

UAE petrol prices revealed for May 2020

UAE petrol prices revealed for May 2020

May 2, 2020

After a huge drop in April, prices will remain the same in May… Petrol prices experienced a huge drop last month, after three months of consistent pricing and then a drop in March. The UAE petrol prices for May have been announced, and are consistent with...