Understanding VAT Penalties: Insights from the Federal Supreme Court’s Leading Precedent in the UAE
Introduction to VAT and Its Importance in the UAE Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on January 1, 2018, as a significant shift in the country’s approach to taxation. This indirect tax has been implemented to diversify the UAE’s revenue streams, which have traditionally depended on oil exports. The … Read more