Photo used for illustrative purposes.
According to the decision 30 per cent of the revenue will go to the federal government, and 70 per cent to the local governments.
The decision ensures the sustainability and the quality of government services. It also contributes to the development of economic and social projects and public services.
The VAT was introduced in the UAE on Jan.1, 2018. The rate of VAT is 5 per cent. VAT provides the UAE with a new source of income which will be continued to be utilised to provide high-quality public services.
A new shipment of cigarette packets marked with the Digital Tax Stamps approved by the Federal Tax Authority (FTA) has made it to Dubai. The Stamps will be electronically tracked to ensure Excise Tax due on tobacco products has been settled. In a press statement issued on Saturday,
Recent measures in Pakistan to widen the tax net, initiating a number of proposals like an amnesty scheme to allow people to declare their ‘unknown’ assets, and changes in tariff in many services and products, have created confusion among the Pakistani expatriates in the UAE.
Jebel Ali Free Zone (Jafza), has announced its offering facilities to obtain long term visas for its customers in a bid to attract and retain high calibre talent within the UAE.
In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed Bin Rashid Al Maktoum has issued Law No. 4 of 2019 pertaining to Dubai’s Real Estate Regulatory Agency, Rera.
As many as thirteen Philippine lifestyle companies including four small-medium enterprises are in the UAE not only to build prospective partnerships with Middle East counterparts but also to explore the demands of the region
Pearl Initiative, a business-led non-profit organisation promoting corporate accountability in Gulf’s private sector, has taken the next big step in fortifying the governance atmosphere for one of the region’s most prolific economic sectors – micro,