Insights: General

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VAT in UAE: What you need to know

Although the roll-out of the new tax policy is already months away, many questions still hang in the air. In 2018, consumers in UAE are expected to pay a 5 per cent value-added tax when purchasing most goods and services. The six states in the Gulf Cooperation Council (GCC) region have agreed to implement VAT,

March 12, 2017

Vacancies opened for VAT collection in UAE

Ministry of Finance, tax advisory firms now looking for staff to work for VAT teams. Dubai: Job vacancies have just been opened for professionals in the UAE who are looking to work for companies or in the government in relation to the implementation of the value-added tax (VAT). VAT managers, consultants, auditors, accountants, analysts and

March 6, 2017

Emirates ID now an insurance card

Oman Insurance completes integration of healthcare access into national card; Daman expected to follow suit. Thousands of UAE residents are now able to use their Emirates ID not just to go through immigration gates at the airport, but to access healthcare services in the country. One of the largest insurance providers in the UAE, Oman

March 6, 2017

UAE Cabinet approves national strategy for Year of Giving

‘Year of Giving’ strategy constitutes roadmap towards humanitarian, charitable work in UAE. Abu Dhabi: A national strategy for the “Year of Giving” featuring over 1000 initiatives was approved on Sunday by the Cabinet to strengthen the UAE’s position as a global hub of philanthropy. The strategy was announced during Sunday’s extraordinary Cabinet meeting, which was

March 6, 2017

Russian citizens to receive UAE visa on arrival

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved the Cabinet Decision No. 24 for 2017 on granting citizens of Russia an entry visa at all UAE entry points. The decision states that citizens of the Russian Federation are granted an entry visa for

March 1, 2017

Companies in UAE can register for VAT from October

Business in the UAE will be able to register online for value-added tax (VAT) from October, according to the UAE Ministry of Finance. On Sunday, Younis Al Khouri, under-secretary, Ministry of Finance, said the six-nation Gulf Cooperation Council is aiming to introduce a 5 percent VAT from January 2018. In an update on its website,

February 22, 2017

New resolution issued on private schools in Dubai

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued the Executive Council Resolution No. 02 of 2017 on private schooling in Dubai. The new Resolution establishes the legal framework to further the interests of parents, school operators and investors in Dubai. It enhances

February 20, 2017

Mohammad: Utilise innovation, science to serve people

Shaikh Mohammad Bin Rashid tours exhibition that houses 13 government innovations from 12 countries. Dubai: The World Government Summit has successfully been transformed into a global platform for innovation that embraces talents and inspires governments to harness science and technology to serve the humanity, said His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and

February 12, 2017

UAE’s judicial system, police services ranked best in region

The UAE is ranked first in the Arab world and among top 25 countries around the world in 2017 for the efficiency of its judicial system. The National Agenda Index pointed out that the UAE achieved those ranks in the ‘Ease of doing business’ report for 2017, which is issued by the World Bank and

January 25, 2017

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