Du records net income of Dh355m for Q1-2020

Dubai: The telecom operator du pulled in revenues of Dh2.99 billion for the first three months, while net income came to Dh355 million. Same period last year, the Dubai company had revenues of Dh3.14 billion, which yielded Dh449 million in net profit. The impact of COVID-19 on the company’s financial situation was “limited to March,” […]

COVID-19 response: UAE extends deadline for VAT filings to May 28

Dubai: In light the unprecedented precautionary measures undertaken by the UAE to curb the spread of COVID-19, the Federal Tax Authority (FTA) has issued an alternative deadline to file tax returns for VAT and pay taxes on May 28 for the tax period ended on March 31. The current 24-hour restrictions on the movement of individuals and vehicles […]