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VAT IN THE UAE: A RECAP OF HOW THE EMIRATES’ FIRST TAX PERFORMED IN THE LAST YEAR   Introduction

Hotel guests in the country are subjected to five per cent VAT, in addition to the existing 20 per cent municipality fee and service charges combined, making the average room rates costlier. Additionally, various leisure activities have seen pricing...

There are times when everything changes in business – when this happens it is often sudden, surprising and sometimes overwhelming. These moments are the strategic inflection points that can result in a company rocketing to success or being left...

  One issue stands out for every middle-market business that operates internationally: the struggle to find and retain the most skilled and innovative employees — those who will drive growth and company performance.

While some cry foul and worry about the woes of a ‘useless class,’ as the historian Yuval Noah Harari puts it, others welcome widespread automation because they consider most current human labour mind-numbing.

Following an announcement that Value Added Tax (VAT) will be implemented in the UAE from 2018, several tourism organisations have been hosting workshops to educate all travel segments about it.

Kuwait is keen on boosting investments in the private education sector as part of its economic diversification plans, but the varying standards of education, a preference among nationals for free public schools and reduced state spending could all...

100 per cent excise tax on cigarettes effective October 1 lauded by health and tax experts

Apart from enhanced customer service, any financial institution can use AI to enhance its competitive position.