UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not…
Major Changes in the UAE Visa Rules
AT A GLANCE: Major changes announced by UAE Cabinet • UAE Cabinet announces decision to abolish mandatory bank guarantee for labour recruitment and replace it with a low-cost insurance system. • New visa facilitation procedures…
Zero-Rating the Export of Services: A Basic Guide for Service Providers and Consultants
Whether to apply zero-rating to the export of services and how to do so, has been a recurring concern amongst businesses in the UAE, especially to those providing consultancy services. Federal Law no. 8 of…
Will The New UAE Maritime Law Serve Shipowners?
Geographically, as being in the centre of the World, the UAE is arguably an “ideal” Maritime location. As a gateway to Europe and America from the Fareast, one of the largest Ports in the World,…
Demystifying The Financial Regulatory Landscape In The UAE
Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants…
An Interview With Jasmin Fichte
20 questions with the Managing Partner, Jasmin Fichte If there is one thing the maritime lawyer could do with, it’s more time. To read a good book, go for a quiet walk, maybe finish that…
Executive Summary of EU GDPR: 10 Action Points for Compliance
The deadline to comply with the European Union’s General Data Protection Regulation (GDPR) is just around the corner. In this article, we summarize the key points that you need to know about the GDPR and…
UAE Shipping Companies Seek VAT Exemption
The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals. The UAE maritime industry is seeking exemption from the value-added tax as industry…
Time-bars, time limits and deadlines for legal cases under UAE law
A time-bar (or a statute of limitations as known under common law jurisdictions) is a statutory time limit for the enforcement of a civil claim through legal proceedings. As such a time-bar normally does not…