The UAE, being a prominent business hub and a favoured destination for company establishments, has its unique set of regulations and requirements. It is imperative for entrepreneurs to familiarize themselves with the country's laws, particularly regarding taxes applicable to their operations. There are two key taxes that business owners in the UAE need to understand:…
Overview of Fiscal Policy and Taxation in UAE
The UAE government has taken several steps to support the economy during the pandemic, including implementing stimulus packages and providing financial support to affected businesses. In 2020, the government launched an AED 256 billion ($70 billion) stimulus package that included measures such as fee exemptions, reductions, and…