The UAE VAT Law states that the person making taxable supplies, i.e. the supplier, is responsible for levying, collecting and paying tax to the government. A registered supplier must charge VAT whenever he makes a taxable supply and pay VAT to the UAE government. The forward charge mechanism refers […]
One of the newest topics in the UAE business world is the Economic Substance Regulations which went into effect on 1st January 2019. However, despite passing a good time, firms and businesses are left with a dilemma because of inconsistent filings and different approaches used by different authorities. Consequently, UAE […]
Dubai is a hub for aspiring businessmen and entrepreneurs. The exceptional tax regime makes it a haven for people looking to operate on a level playing field. However, the UAE compliance environment often presents a tricky landscape for businesses who are not familiar with them and can get caught up unnecessarily […]