While many economies across the globe are experiencing volatility, UAE has taken several initiatives to streamline their business ecosystem.
UAE introduced Value Added Taxes (VAT) in 2018, a new tax system for businesses and individuals, which would help the government earn a steady stream of revenue. As the reform was a relatively new concept for the region, businesses were uncertain about the future compliance landscape.
The country also developed Free Zones and Financial Free Zones with independent jurisdictions making legal and regulatory processes more complex.
At Nexdigm, we have a thorough understanding of different tax regimes and their applicability as we help clients across the world with their tax and compliance requirements.
For the UAE market, we support businesses through: