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UAE VAT Executive Regulation Update

Please allow me to refer you to the article below, providing an update on the UAE VAT Executive Regulation. This is a big development for the UAE.  The UAE has no corporate or personal income tax (except for taxes on foreign banks and oil companies) and, as a result, there were generally no financial reporting requirements. 

The introduction of VAT has necessitated the formation of a Federal Tax Authority and filing of financial information for the first time for most businesses.

To Read The Full Analysis on the UAE VAT Executive Regulation Click Here: http://www.worldservicesgroup.com/publications.asp?action=article&artid=8911

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