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Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax The UAE governing law regarding VAT is the Federal Decree-Law Number (8) of 2017 (the Law). According to Article (1) of the Law defines Value Added Tax as ‘tax levied on import and/ or supply of…
Read moreToo Much of FATCA! Renowned author and entrepreneur, Mark Twain, once said, ‘tax is a fine for doing well; whereas, a fine is a tax for doing wrong.' Now, the question on hand is which one of the two the Foreign Account Tax Compliance Act (the FATCA) would get unseated!…
Read morePart 1: A Study of the Indian Tax System Part 2: Taxation of E-commerce Transactions From the printing press to the digital revolution, humankind has been inclined to innovate first and plan later. It goes without saying that in the modern world, technology develops faster than the law. Cell- phones and…
Read moreTax Global Guide 2016-2017 Volume II: Tax on Finance Transactions: United Arab Emirates Tax on Corporate Lending and Bond Issues in the United Arab Emirates: Overview Tax Authorities 1. What are the main authorities responsible for enforcing taxes on finance transactions in your jurisdiction? Financial transactions are not subject to…
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