Day

July 24, 2018
All trading and service business owners draw handsome compensation due to the absense of personal taxation fromtheir businesses, thus further pushing average household income to be higher, unlike other developed nations. In addition, Dubai and Abu Dhabi are home to lots of high net worth families for various reasons, including geographic location, convenience, safety and...
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Having a Tax Registration number is a mandatory requirement to mention on invoices as it would enable businesses to claim credits. Having obtained the TRN, business can now configure their IT system to mention it on all tax document from January 1 2018. Nirav Shah, Director, FAME Advisory.
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When you withdraw from your account there is no transaction fee, so VAT does not apply to such situations -Nirav Shah, Director , FAME Advisory.
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