VAT: Adjusting bad debts as a way of reducing output tax and increasing cashflow

During these trying times of Covid-19 and its impact on the financial affairs and revenue of numerous companies, an interesting method of recovering a little bit of extra cash is by applying the provisions of Article 64 of the Federal Law No (8) of 2017 on Value Added Tax (the “VAT Law”).

Authored byHead of Indirect Tax and Conveyancing,John Peacock

What kind of Legal Protection do Employees have against Salary Cuts and Redundancy in the UAE?

Nour Gemayel, Associate at BSA explains how the Resolution enables private sector employers to take certain drastic measures. Authored by Associate,Nour Gemayel

Announcements

BSA has successfully advised Delivery Hero, the largest food delivery platform in the world, on the acquisition of InstaShop

The acquisition has been valued at USD 360 Million with operations in the UAE, Bahrain, Egypt, Greece, and Lebanon. This is Delivery Hero’s first acquisition in the region’s e-grocery industry. InstaShop will continue to work as an independent brand with plans to launch in new markets and invest further ingrowth.

BSA’s TMT and M&A practice groups advised on all aspects of the transaction. The team was led by Senior Associate,Nadim Bardawilwith support from Rima Mrad, Tala Azar, and Simon Isgar. Nadim commented,“We are very proud to have been able to assist Delivery Hero on the successful acquisition of InstaShop marking another milestone for Delivery Hero’s growth in the Middle Eastern market”.

Arsalan Tariq physically moves to BSA’s Muscat office as a Partner and Head of the Corporate Department

BSA has recently made a partner-level personnel move for its Muscat office. Arsalan Tariq was hired two years ago by BSA’s, DIFC office and promoted to Partner at BSA’s Muscat office in January 2020. Now, Arsalan physically moves to BSA’s Muscat office as a Partner and Head of the Corporate Department.