Difference Between Zero Rated VAT and Exempted VAT
The Value-Added Tax (VAT) was introduced in the UAE at a rate of 5% on 1 January 2018, aimed at establishing a new revenue stream for the Government. Since its […]
What is the Zero Government Bureaucracy Programme and its Impact on Tax?
Dubai’s 2024 Zero Government Bureaucracy Programme is just groundbreaking. It aims to simplify and improve government services. This initiative attempts to reduce government red tape—complicated and time-consuming processes for individuals and […]
All About Taxation of Foreign Banks under UAE CT
Foreign banks in UAE were taxed differently until March 2024. Dubai’s ruler, Sheikh Mohammed Bin Rashid Al Maktoum, published Emirate Law No. 1 of 2024. The new law taxes foreign banks […]