The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...

I often come across invoices issued by Overseas Service Providers (OSPs) such as software companies, media streaming and social media platforms. Many such service providers – though incorporated ...

Many UAE businesses - domestic and foreign - are repositioning themselves to be a part of UAE growth story. Business owners are converting their sole establishment or partnership into an incorporated ...

If a shop charges extra at checkout, you can report it to the Federal Tax Authority (FTA) Dubai: In most countries with a Value Added Tax (VAT), the tax is already included in the advertised price and ...

The UAE tax system has reached a new phase of maturity, with the Federal Tax Authority (FTA) reporting one of the highest corporate tax compliance rates globally and a rapid rise in registration ...

In an effort to transition their economies away from oil dependency, Saudi Arabia and the UAE have introduced VAT on various goods and services The Gulf states will now impose a five percent tax on ...

Financial management is the cornerstone of a successful company. Many companies no longer rely on traditional in-house departments. They are interested in modern solutions to manage their books, taxes ...

The United Arab Emirates has exempted crypto transactions from paying value-added tax (VAT), bringing the industry into line with several traditional financial services. The change, which takes effect ...