Revealed: How VAT fared in UAE in its first year

It’s been a year since the UAE rolled out the value-added tax (VAT). It was a significant move that changed the way business is done in the country. Since January 1, 2018, consumers have been paying an extra 5 per cent on most goods and services, ending an era of a completely zero-tax regime. So, […]

Dubai firms to get 50% automatic discount on fines

Dubai: More businesses who will incur fines this year will get to enjoy a hefty discount. The Commercial Compliance and Consumer Protection (CCCP) sector of the Department of Economic Development (DED) announced that a new automated facility has been put in place for traders to avail themselves of a 50 per cent reduction on commercial […]