The newly issued public clarification released by the Federal Tax Authority of UAE provides a guide on the obligations of natural persons in UAE for the registration of VAT or Value Added Tax with respect to sole establishments. Natural persons who own several sole establishments only have to obtain a single registration for VAT in … Read more
As of April 2021 Oman will be the fourth of the six Arab Gulf states (following behind Dubai, Bahrain and KSA) to introduce VAT. This was decreed by the Sultan of Oman, his Majesty, Sultan Haitham bin Tariq bin Taimur and is actually part of a 2016 VAT union agreement involving all the Gulf States. … Read more
You may be wondering if payroll outsourcing in UAE actually does help your business or organization save money. A lot of our clients do! Every day, entrepreneurs are seeing the outsourcing of payroll processing in UAE as an incredible option for their businesses. More often than not, payroll outsourcing is done in order for company … Read more
Dubai Aviation City Corp. (DACC), being among United Arab Emirates’ regulatory authorities, published a circular regarding the filing of notification for economic substance. All companies that are under its jurisdiction are to comply. As per the new circular which was recently issued, all licensees in DACC have to submit the economic substance notification on or … Read more
There are many different departments and sections in a company that are in charge of handling various duties and responsibilities. Likewise, there are individuals that are responsible for making a record of payrolls. For those who are not familiar with the term payroll; it is the total sum of all reimbursements a business or a … Read more
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