Source: The National More than 275,000 UAE businesses have registered for VAT, but tens of thousands have yet to do so and the government plans to crack down on unregistered businesses, said the director general of the Federal Tax Authority. Khalid Al Bustani said on Wednesday, “[275,000] is a good number, however in our opinion […]
Source: CPI Financial The recent introduction of five per cent Value Added Tax (VAT) in the UAE and KSA has not impacted deal flow in the GCC as the tax rate is relatively low compared to global markets. This is despite many companies finding themselves unprepared for the 1 January implementation date and scrambling to […]