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UAE boasts a well-defined system of law which combines conventional and shariah laws. UAE is fast-paced when it comes to developments and advancements. Therefore, the federal supreme council bring amendments to the laws to cope up with the changes and it’s imperative for everyone including the Emiratis and expatriates to be aware of the updation in law since ‘unawareness of law’ is not an acceptable justification in the court of law. Lately, the UAE has implemented new decrees and amended some existing laws. Continue reading NEW DECREES AND LAW AMENDMENTS IN THE UAE

VAT Consultancy/VAT Advisory

Last updated on November 20th, 2017 at 11:13 am The Federal Tax Authority (FTA) is responsible for administering, implementing, and collecting federal taxes in the Emirates. All businesses with an annual turnover of AED 375,000 must go for online registration. Taxpayers can register voluntarily if the total value of their taxable supplies exceeded AED 187,500 or if the business expects to exceed that threshold within the next 30 days. 1. Every Person, who has a Place of Residence in the State or an Implementing State and is not already registered for Tax, shall register in the following situations: a. Where the … Continue reading VAT Consultancy/VAT Advisory