Abu Dhabi / WAM The board of the Federal Tax Authority (FTA), approved planned future changes to the UAE tax system, including new procedures to adopt a selective tax system next month and value added tax (VAT), at the start of next year. The board approved these changes during its second meeting, which was chaired by HH Sheikh Hamdan bin …

Abu Dhabi / WAM Abu Dhabi Department of Economic Development has toughened penalties against entities using bogus economic licenses to AED50,000, in addition to blacklisting violators. “Using fake licenses is a significant threat to economic activities and anti-counterfeiting measures have to be harshened to put an end to such practices,” said Khalifa Bin Salim Al Mansouri, Acting Undersecretary of DED, …

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer celebrated the spectacular voyage of the UAE’s first-ever water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay. Over the coming days, the city will see more homes float into Marasi as Dubai …