Blog Posts

Real Estate Companies to Absorb the VAT Imposed on Prices

March 24, 2018

The VAT was for sure a surprise in the Arab business climate, and companies had to align with the conditions in a fast manner, in order to legally proceed with the activities.

Read More »

Dubai Authorities: The VAT Rate Will Remain at 5% for Five Years

March 24, 2018

After a recommendation made by the IMF (International Monetary Fund) and in agreement with the local financial authorities, the UAE has recently introduced the value added tax of 5% on several types of products and services.

Read More »

Verifying the Tax Registration Number to Perform Activities in Dubai

February 23, 2018

Companies with operations in the GCC are subject to VAT since January 2018. In this sense, the Federal Tax Authority imposed the tax registration number (TRN) which is necessary before the activities are conducted in Dubai.

Read More »

Where to Find Accurate Information About VAT in Dubai

February 10, 2018

Because the VAT was recently introduced in the UAE, there have been situations in which misleading information about the financial statements companies were offered .

Read More »

How the VAT is Imposed in Health and Education Fields in Dubai

January 25, 2018

The tax regime for countries which are part of the Gulf Cooperation Council has suffered a few modifications, the most important one being connected to the VAT starting with January 2018.

Read More »

Which are the Seven Free Zones in Dubai Exempt From VAT?

January 21, 2018

The VAT was implemented in January 2018 in the UAE. The tax regime in Dubai is still attractive for foreigners, even if the structure has been changed a bit. It is good to know that there are seven free zones which are exempt from VAT.

Read More »

VAT Short Guide for Companies Registered in the UAE

December 22, 2017

As the VAT is expected in the Gulf Cooperation Council states like Saudi Arabia and the UAE, the companies are urged to set up the formalities before January 2018.

Read More »

Companies in Dubai to Register for VAT Before the End of the Year

December 12, 2017

With only less time until the VAT will be imposed in the UAE, the financial authorities made an announcement through which they solicit enterprises, local and foreign, to align with the requirements for the new tax in January 2018. 

Read More »

How VAT will be Imposed in the Real Estate Sector

How VAT will be Imposed in the Real Estate Sector image November 23, 2017

The VAT Law which was planned a few years ago was finally accepted and published. Therefore, starting with January 2018, numerous goods and services will be displayed with a new tax, in this case, the VAT.

Read More »

IMF: The UAE Must Continue the Fiscal Consolidation

IMF: The UAE Must Continue the Fiscal Consolidation image November 12, 2017

Considering the IMF piece of advice, the countries part of the Gulf Cooperation Council have announced that new measures will consolidate the fiscal sector. Among these, the UAE is ready to implement their reforms in the non-oil revenues.

Read More »

Penalties for Companies Which Do Not Comply with Tax Procedures in Dubai

Penalties for Companies Which Do Not Comply with Tax Procedures in Dubai image October 22, 2017

Authorities in the UAE have decided to give penalties to all companies which do not comply with the tax legislation in the country. In this matter, depending on the tax which has not been paid, the penalty will count third times the levy.

Read More »

Unhealthy Goods to be Taxed Starting with October 2017

Unhealthy Goods to be Taxed Starting with October 2017 image October 14, 2017

With a two-year negotiation, the authorities in Dubai have established the goods which are going to be subject to taxation starting this October. 

Read More »

What You Need to Know About Bank Credits in Dubai

What You Need to Know About Bank Credits in Dubai image September 27, 2017

There are cases where a bank loan is necessary for other types of investments in a company. There are numerous financial institutions in Dubai which can offer customized credits in accordance with the clients’ needs.

Read More »

The Tax Benefits in Dubai Free Trade Zones

The Tax Benefits in Dubai Free Trade Zones image September 11, 2017

A tax haven like Dubai is extremely appreciated by foreign and local investors who successfully place their activities on the market, especially in the well-known free trade zones.

Read More »

What is Tax Residency Certificate for Companies in Dubai?

What is Tax Residency Certificate for Companies in Dubai? image August 23, 2017

The tax residency or the tax domicile certificate is issued by the Ministry of finance in the UAE and regards the onshore companies with a confirmed residence in Dubai, with a validity of one year.

Read More »

How to Prepare for Audits in Dubai

How to Prepare for Audits in Dubai image August 16, 2017

Audits are legal procedures meant to attest the activities and operations of a company, respecting the Commercial Law in the country. The auditors are the ones who need to verify the company’s documents.

Read More »

The Tax Benefits in Dubai's Free Zones

The Tax Benefits in Dubai's Free Zones image July 25, 2017

Due to its attractive tax system, Dubai is a preferred destination for entrepreneurs. The free zones in Dubai have their own taxation system and authorities, considered by many the suitable places to start their activities.

Read More »

Exemptions from VAT Starting 2018

Exemptions from VAT Starting 2018 image July 16, 2017

‚ÄčThe VAT in the UAE will be imposed in January 2018 with a few exemptions. The residential real estate is already on the list of products, goods, assets, and services where the value added tax won’t be a supplementary fee.

Read More »

7 Common Mistakes When Opening a Company in Dubai

7 Common Mistakes When Opening a Company in Dubai image June 22, 2017

Before establishing a business in the Emirates, it is recommended to properly analyze the market and to consider the possible mistakes which can appear on the way.

Read More »

New Tax on Certain Beverages and Tobacco

New Tax on Certain Beverages and Tobacco image June 10, 2017

‚ÄčAlthough certain products and services are exempt from the value added tax which will enter into force next year, the tobacco and some particular beverages will not be exempt from taxation.

Read More »

What Will Happen With the Prices After the Introduction of VAT?

What Will Happen With the Prices After the Introduction of VAT? image May 20, 2017

Although the introduction of the VAT in the UAE was announced in time, there are question marks everywhere, especially from companies which are interested if the prices need to be increased when implementing the tax, or not.

Read More »

Dubai Airports Services Will Not be Exempt from VAT

Dubai Airports Services Will Not be Exempt from VAT image May 10, 2017

The financial authorities in Dubai have settled the VAT rate for particular goods and services which are going to be levied starting next year in January. This kind of tax will also be imposed on services offered in Dubai’s airports.

Read More »

VAT and Excise Taxes to be Imposed on Non-Essential Goods in UAE

VAT and Excise Taxes to be Imposed on Non-Essential Goods in UAE image April 23, 2017

After numerous debates and discussions with the IMF and other important financial organizations in the world, it seems like the UAE agreed on the VAT, a tax which will be imposed starting with January 2018.

Read More »

A New Authority to Supervise Taxation in UAE

A New Authority to Supervise Taxation in UAE image March 2, 2017

The UAE will implement the VAT tax rate starting with January 2018, according to the requests and suggestions of the IMF (International Monetary Fund).

Read More »

IMF: Corporate Tax to Improve Non-Oil Tax Revenue Collection

IMF: Corporate Tax to Improve Non-Oil Tax Revenue Collection image February 19, 2017

Improving the tax revenue collection in the Gulf Cooperation Council (GCC) has been on a debate by the International Monetary Fund (IMF) that considers a corporate tax of 15% might help in this matter.

Read More »