Why is Incoterms important for your business in UAE?

Incoterms are a term used to denote global trading. They started being used commonly amongst several business groups and associations with the unveiling of VAT in the United Arab Emirates (UAE). Imports and also accounting on the basis of the […]

Economic Substance Notification Due Date is Declared for RAKEZ

The ESR (Economic Substance Regulation) notification due dates are steadily being declared for various regulatory bodies/authorities including free zone authorities. The RAKEZ (Ras Al Khaimah Economic Zone) has already issued its circular pertaining to the due date for filing of […]

No Plans to Increase VAT in the UAE

The United Arab Emirates (UAE) does not have any possible plans for an increase in the rates of VAT or value added tax as per the latest reports. There was immense speculation about an impending increase in the aftermath of […]

Dubai Tax Enforcement Laws in UAE during COVID-19

When it comes to combating the overall economic impact of COVID-19 in the UAE (United Arab Emirates), the Government has taken several pro-active measures in recent times. The Federal Government in the UAE has already announced various precautionary measures for […]

Simple Tax Guide for Americans in the UAE

Tax Made Simple for Americans in the UAE With approximately 8 million Expats in the UAE, it is important that they understand the nuances of Taxes applicable to them. Even though the UAE is considered as a country having low […]

VAT and Imported Goods in the UAE

Goods received from outside countries to the UAE are called Imported Goods in the UAE. The next logical question asked is whether imports are taxable in the UAE? Well, Goods or Services that are termed as imports to the UAE […]

UAE VAT Refund for Foreign Businesses

Although the percentage of VAT charges implemented on the state is 5% only, yet the United Arab Emirates have laid down conditions based on which many foreign nationals can be eligible to claim for a refund of the VATs paid […]