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10 Year Residency Visas for Investors and Specialists in UAE

Now investors in UAE can have 100% ownership of their companies. But the question arises - how? According to an announcement made by the Vice-President and Prime Minister of the UAE, Sheikh Mohammed...

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No VAT Implementation in Kuwait Before 2021 – Here’s Why!

According to the budget committee of the parliament, finance ministry seems to be in need of expediting actions in order to excise tax on goods. The next session of parliament will start from October...

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FTA-VAT Registered Businesses Must Display VAT Inclusive Prices

According to the Federal Tax Authority (FTA) of UAE, there would be Dh15000 fine on businesses – that fail to display their tax-inclusive prices. FTA mentioned businesses which are eligible for excise...

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Federal Tax Authority of UAE Announces List of Designated Free Zones

The FTA (Federal Tax Authority) of United Arab Emirates has declared three new UAE free zones– exempt from the VAT (value-added tax), which adds them to the VAT free designated zones list. After the...

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VAT Refund System for Tourists in UAE is at its Final Stage

According to the FTA (Federal Tax Authority) of UAE, a new system for returning VAT (value-added tax) to visitors and tourists is at its final stage. This new system depends on the advanced and latest...

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New shisha tobacco, e-cigarettes tax rule announced in UAE

His Highness Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the FTA have issued a verdict by which the "Marking Tobacco and Tobacco merchandise Scheme" are...

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