The Dubai International Financial Centre (DIFC) is a prominent center for intercontinental companies that are having its base in the Middle East, Africa, and Asia.
Much confusion has ensued regarding the norms of application for the UAE Tax Residency Certificate. Several misinterpretations are surrounding the rules of application for this certificate. This article gives a clear and concise view of applying for the UAE Tax Residence Certificate along with setting straight the myths about this document
The United Arab Emirates is a collection of seven emirates, with Abu Dhabi being the capital. It is also the biggest emirate in UAE, and contributes nearly two thirds of the UAE’s economy. Careful planning and stringent laws transformed Abu Dhabi into a financial hub, with adequately capitalized banks and a lot of good sovereign wealth funds.
If you have a business in UAE, then don’t be lax in the area of VAT registration as the Value Added Tax may have an indirect impact on your business. VAT experts speaking at the VAT Clinic event at the Khaleej Times office were of the opinion that Business would have to register for VAT sooner or later.
1st October 2017 marks a historic day for UAE as the Ministry of Finance of UAE have opened the registration for VAT. VAT will come into force in UAE