British Virgin Islands (BVI) is well known for its fabulous natural beauty, opulent mountain ridges, jewel-colored waters, and soft sandy beaches. Moreover, it also outshines its peers in the industry of global financial services. Remarkably, this territory is perpetual in its pursuit of refining and advancing its financial services and legal structures, complying with worldwide…

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The United Arab Emirates is one of the most attractive countries in the world in terms of the operation of business and residence. The attractive advantages of the country include tax free status, high standards of living, excellent opportunities for business development, economic and political stability. As we can see that UAE is full of…

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VAT has already been introduced to the UAE since 1st January 2018 and crossing distinct phases, with time moving ahead. Companies were busy getting their registrations done and now are moving towards their first return filing that would strike shortly. Individuals and businesses who have registered themselves for VAT are required to submit VAT return…

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Introduction of VAT is becoming a bigger focus for companies in UAE as they try to adapt for it. Preparing for VAT is advisable due to many reasons like operational effectiveness, adhering to compliances, financial penalties associated due to non-compliance, managing of cash-flow, risk to goodwill etc. VAT will be applicable to almost all goods…

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