On 26 September 2022, the President of the UAE, H.H. Sheikh Mohamed Bin Zayed Al Nahyan issued the Federal Decree-Law No.18 2022 amending some provisions of the Federal Decree-Law No. 8 2017 on Value Added Tax (the VAT Law). The amendments will take effect from 1st January 2023. This is the first update to the VAT [...]
A common inquiry many prospective customers make is what is the benefit of opening a company in a free zone? What is the difference between a mainland company and a free zone company? For any foreign investor or expat who wishes to start a business in the UAE this a very crucial question. UAE offers[…..]
The UAE’s Federal Tax Authority announced earlier this month that a new integrated platform will be launched later this year after extensive and intensive assessment and development. The FTA’s intention behind the platform is to centralize access to its services, pay the taxes and obtain refunds thus ensuring effective tax compliance. The new platform also[.....]
Real Estate Activity Report (REAR) submission by real estate brokers and agents and law firms as per Circular Number: 05/2022 issued by the Ministry of Economy (MOE), UAE Ministry of Economy has recently issued a Circular (No. 05/2022 dated 24th June 2022), instructing the real estate brokers and the law firms, to report the specified transactions[.....]