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Running a small business in Dubai comes with many responsibilities. Managing taxes is one of the most important. Many entrepreneurs struggle with these processes. This is especially true due to […]
Have you heard that the UAE, which used to be known for not having any taxes, finally put in place a corporate tax after 50 years? This change in economic […]
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 […]
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 […]
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 […]
