The Federal Tax Authority has published VATP025, replacing Public Clarification VATP023, to address the “Temporary Zero-Rating of Zero-Rated Medical Equipment UAE VAT. Date extended till 31st December-2021 for VAT at the rate of 0% on certain supplies and import of medical equipment. After 31st December-2021, if there is any supply then normal procedures shall apply….
UAE To Implement 100% Foreign Ownership Of Companies From June 1 UAE Ministry of Economy has made a very important announcement stating that the new Commercial Company Law with regards to 100% Foreign Ownership will be effective from 1st of June, 2021. Foreign-owned firms no longer need a UAE national as an agent to operate businesses “The…
