Tag: fta

This is where VAT money will go

This is where VAT money will go

To ensure that the tax money collected will be put to good use, the UAE cabinet is considering allocating 70 percent of VAT revenues to local governments. If deemed viable, the allotted money will be used to aid development projects …

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How will the new tax law affect you?

How will the new tax law affect you?

New legislation has been announced as the UAE makes moves to establish a system of taxation. The Tax Procedures Law, which establishes the cornerstone for a national tax framework, will apply primarily to companies and businesses operating within the country. …

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