Search results
Results from the WOW.Com Content Network
Value added tax (VAT) Since 1 January 2018, the UAE has a federal value added tax. The standard VAT rate is 5%, some items qualify for a rate 0%, while certain items and services are exempt from VAT. VAT registration is mandatory for businesses with annual taxable supplies above the mandatory registration threshold (currently AED375,000), and ...
In economics, zero-rated supply refers to items subject to a 0% VAT tax on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe 's Value Added Tax (VAT) or Canada 's Goods and Services Tax (GST). Examples of these items include most exports, basic groceries, and prescription ...
Supplies to and from Crimea are treated as exports and imports for value added tax purposes. The standard VAT rate is 20% for domestic supplies and imported goods (including auxiliary services). A 7% rate applies to supplies of pharmaceuticals and healthcare products. Exported goods and auxiliary services are zero-rated.
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
Starting 2015, Facebook was zero-rated in India.A year after, the local regulator forbidded that practice. [14] The popular application WhatsApp [15] has been regularly finger-pointed by various journalists, bloggers and observers, to use intensively the zero-rating practice to encourage mobile users, the usage of its application, for no charge or consumption in the subscription-quota.
The COVID-19 pandemic in the United Arab Emirates is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first confirmed case in the United Arab Emirates was announced on 29 January 2020. It was the first country in the Middle East to report a ...
DarkMatter Group is a computer security company [1] [2] founded in the United Arab Emirates (UAE) in 2014 [3] [4] or 2015. [5] The company has described itself as a purely defensive company, however in 2016, it became a contractor for Project Raven, to help the UAE surveil other governments, militants, and human rights activists.