Brief on the new UAE cabinet decision No. 58 of 2020 on regulating the Ultimate Beneficial Owners procedures in UAE On 24 August 2020, the UAE Cabinet published Cabinet Decision No. 58/2020 on Regulating the Beneficial Owner Procedures. Applicability – All UAE mainland & Commercial Free zone companies except  Companies in financial free zones (Abu […]

Over 160 countries in the world (yes, you read it right – nearly 80% of the governments in the world) use sales tax (coined as VAT/ GST) as a major source of their revenue. After years of deliberation, the GCC rolled out a common VAT agreement in 2018, with member states given freedom to implement[…..]