Dubai
Middle East | 29 Aug 17
UAE issues new tax law to implement 5% VAT
The government of the United Arab Emirates has issued a decree paving the way for its new value added tax (VAT) system to be implemented from 1 January 2018, which will cover the financial services sector.
Licensed companies in Dubai’s financial centre up 6.2% in 1H17
The Dubai International Financial Centre (DIFC) has reported a 6.2% growth in the number of active licensed companies to 1,750 during the first six months of 2017.
S Africa to scrap tax exemption for expats, overseas workers
South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).
IoM advisory group opens office in the DIFC
Boston Multi Family Office (BMFO), an Isle of Man-based advisory firm with offices in Malta, has opened of an office in the Dubai International Financial Centre (DIFC).
Middle East | 7 Jun 17
Dubai regulator sees complaints drop but scams still dominate
There has been a sharp drop in the number of complaints received by the Dubai Financial Services Authority, which regulates of the DIFC, but most of those it receives still relate to scams.