News Archive 2018 | Page 5 of 12

Dubai is well-known for its highly attractive and favorable business environment and the advantageous tax system. For this reason many international entrepreneurs and investors choose the option of opening a company here...

Many people find it surprising that there are essentially no taxes in the United Arab Emirates. Income tax, VAT, social contributions and number of other taxes – the vast majority of people from other countries pay up in total to 50% of their income (and sometimes even more) to the country's budget in the form of various taxes...

Nowadays, the tourism sector makes the significant contribution to the region's GDP, according to the Department of Tourism and Commerce in Dubai, the total volume of this sector is $29.6 billion per year...

When we mention Dubai, many people see a beautiful picture of azure beaches with yellow sand, palm trees, and skyscrapers. Indeed, Dubai can be considered as the oasis in the desert, and not only literally...

This week it was reported that the Government of the UAE introduces a new system of VAT tax refund for tourists. It is assumed that the new system will organize the operations of market outlets and tax refund counter in order to maximize the effect of the Government's efforts to effectively implement the tax system...