UAE’s multiple-employer contract system kicks in
Skilled workers, both Emirati and expatriates, can now enter a multiple employer contract after obtaining approval of the Ministry The Minister of Human Resources and Emiratisation said that the new system will boost labour market flexibility and fulfil the needs of employers and reduce dependence on foreign workers. ABU [...]
Late reprieve: Firms which failed to register for VAT won’t face penalties until April 30
The Federal Tax Authority (FTA) of the United Arab Emirates has given a reprieve to firms that missed the deadline to register for value-added tax (VAT). Companies eligible for VAT - those with a turnover of 375,000 dirhams ($102,110) or more - had been told by the FTA that [...]
Guide on Company Formation in the UAE
United Arab Emirates has established itself as a safe, family friendly and low tax environment while maintaining international relationships with other global centers. It offers a set of benefits to every investors and corporate entities and the availability of best business strategies with broad options for various types of company [...]
UAE’s tax authority launches four-step guide to filing VAT returns
UAE's tax authority launches four-step guide to filing VAT returns FTA says registered companies should check its website to see if they need to file on a monthly or quarterly basis. The Federal Tax Authority (FTA) in the United Arab Emirates has produced a guide advising companies on the [...]
Last chance on VAT registration
On December 17, 2017, Sheikh Hamdan bin Rashid Al Maktoum, the Deputy Ruler of Dubai and UAE Minister of Finance has given the final warning to all businesses to comply with the executive regulations of the federal law on VAT. According to the Minister, it is important to complete [...]
Update on VAT in the UAE
VAT News Update The countdown for the implementation of VAT has started, UAE is now ready to welcome 2018 and implement the VAT starting on 1st January. All UAE residents and visitors will be liable to 5% VAT. In August 2017, the executive regulations that details [...]