UAE Sets out COVID-19 VAT Input Tax Recovery Rules

The UAE (United Arab Emirates) has officially released its COVID-19 VAT input tax recovery regulations. This was officially released in the form of a statement by the Federal Tax Authority (FTA) that clarified the recovery of VAT (value added tax) […]

Implementation of Company Due Diligence in 2020

Due diligence is often considered difficult or problematic by several companies without understanding that it is important to get it executed in smooth fashion. It basically refers to the process of holding investigations/audits for examining company activities before acquisition along […]

What is Economic Substance Regulations in UAE (ESR UAE)?

The United Arab Emirates (UAE) has officially implemented its concept of ESR (economic substance regulations) and hence, all businesses in the country which may come under the scope of the same, should make sure that they ensure total compliance with […]

Technology Adoption in Dubai

Dubai has been predominantly involved in swift technology adoption and IT-linked investments. Real-world implementation and research pertaining to Machine Learning, Artificial Intelligence and Predictive Analytics is gaining ground swiftly in the Emirate. Multiple new startups in the city are coming […]

Reasons why your Tax Refund is Delayed

All businesses are mandated to file their VAT returns in UAE which provide all details regarding purchases, sales, output VAT and input VAT that has been paid in a particular timeframe. Output VAT in this case refers to the amount […]

Indian Gold Exports to UAE see 80% Drop in Q2

Demand is expected to go up steadily over the next few months for high-quality gold jewellery as per traders in India. Prices may be rising rapidly but the fact is that gold has lost a major chunk of its sheen […]

How to Import and Sell Medical Devices in the UAE

For importing medical equipment, devices and other consumables into the UAE spanning both Dubai and Abu Dhabi, there are specific regulations in place. The import and distribution of medical devices is controlled by the Ministry of Health in the UAE. […]