Federal Tax Authority’s (FTA) analysis suggests that VAT and ET will help the UAE strengthen its economy by diversifying revenues away from oil, and will allow to fund many public services. This is a sign of a maturing economy. Furthermore, as per global best practice, the UAE is exploring other tax options as well.
The truth of this important matter is for your business to either live or die. The free tax environment is gone forever, and there was never more critical time for businesses and corporations to get their act together, and do what the government is doing now, be more competitive, efficient, and effective in conducting its operations, and managing its business.
At XB4, we take a closer look at your operations and business, and provide you with the honest and transparent views. We want business to not only survive, but also grow to grow our economy.