As the year draws to a close, businesses in Dubai are gearing up for the annual accounting process, ensuring that all financial records are in order and accurately reported. This period may seem overw...

Value Added Tax (VAT) is an indirect tax levied on the consumption of goods and services at each point of sale. The cost is ultimately borne by the end-consumer, while businesses and organizations collect the VAT on behalf of the government. In the United Arab Emirates (UAE), VA...