Recent Posts

‘No VAT on donations, grants, sponsorships in some cases’

DUBAI / WAM The Federal Tax Authority (FTA), clarified that donations, grants and sponsorships are outside the scope of Value Added Tax (VAT), only when no benefit is received in return. Any benefit in return for such payments will be subject to VAT, the authority said. The authority had issued a new clarification on VAT treatment for donations, grants and ...

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Ajman Free Zone to take part in innovation forum on Feb 10

Ajman / Emirates Business Ajman Free Zone (AFZ) will participate in the UAE’s Innovation Month of February with an Innovation Forum called Digitalised Workplace, which is open to the public. The event, to be held on February 10 at Marsa Ajman will host a wealth of speakers representing globally recognized businesses Microsoft and Salesforce, for whom innovation has been key ...

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MoE, Masdar to collaborate on sustainability education

Abu Dhabi / WAM Masdar – the Abu Dhabi Future Energy Company – is collaborating with the Ministry of Education (MoE) on its Innovation Ambassador Programme 2019, to support the UAE Vision 2021 through a mutual exchange of knowledge and expertise, empower youth, and build sustainability awareness. A Memorandum of Understanding (MoU), was signed on Tuesday at a special ceremony on ...

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