Taxation in UAE

Excellent article from Top Best Lawyers in Dubai

Lawyers in UAE - STA Law Firm

page 17_bannerRelaxation of tax liability was one of the major incentives for investors flowing into the United Arab Emirates (the UAE) from a very long time. However, this incentive is dying and the UAE government has already announced their decision to impose Value Added Tax (VAT) in the country. Would this affect the inflow of foreign investment? Would this affect the domestic prices of goods and services? Let us read further to find out.

UAE has been blessed with abundant oil reserves and master-planned commercial economy. But that is not enough! Up to now, the government rooted and sustained on domestic indirect taxes such as SALIK, transfer taxes; and colossal foreign flow of investment. But with the dip in oil prices, the UAE had been planning to implement VAT for over a decade now. But they were always speculative of the adverse effects that it may have…

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Who is Liable to Pay when Circumstances for Construction Change? – STA Law Firm

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property and Construction Law by Lawyers in Dubai – STA

Sourced through Scoop.it from: www.stalawfirm.com

Payment in Construction cases

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Did you see the upgraded shopping center on road A, oh and did you have a look at the new colony they made on street Z?
Its all amazing, how this city started from a desert and is now the cultural hub of Middle East. But did you ever consider what goes behind making these tall buildings and new shopping malls such as the legal aspects of it all.
To find out, continue reading…