VAT: Till Slips and TRNS

  After 100 days in effect, people and companies alike seem to be coming to terms with the payment of Value Added Tax (“VAT”). There is one area though where there still seems to be some confusion and that is with Tax Invoices issued by retailers which are more commonly known as “Till Slips”. John…

ICLG UAE Real Estate 2018 – A practical cross-border insight into real estate law

ICLG’s Real Estate 2018 guide covers common issues in real estate laws and regulations – including ownership, real estate rights, system of registration, the registry/registries, real estate market and liabilities of buyers and sellers in real estate transactions – in 27 jurisdictions. John Peacock, a Senior Associate in our Dubai office, has contributed the United Arab…

New VAT Implications Impacting The Region – Key Measures To Consider For Insurers In The GCC

  It is crucial for businesses to start the preparation process early, as an understanding of the potential impact of VAT on the business will reduce friction in the ongoing process. VAT liabilities are generally self-assessed, with errors often leading to harsh penalties, time-consuming interactions with local tax authorities, or business disruptions. Raghad Hammad, Senior…

Warning to Contractors Dealing with GCC Governments

Analysis Offset obligations (“Offsets”) are required by most of the GCC governments from their foreign service and product providers (“Contractors”). In short, as a matter of public policy, GCC governments will never contract with foreign corporate entities without any specific offset agreement which will provide an economic benefit from their expenditure. This article, explores the…

The Islamic Economy Problems & Potential

Although, the UAE’s Islamic Economy has been growing, there are outstanding issueswhich have slowed development. Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP explains the problems and changes being taken to tackle them. Over the past four years, there has been considerable growth in the Islamic economy in the UAE, which as a…

Key legal aspects of real estate

Speaker at a workshop organised by Dubai Chamber. Held at Dubai Chamber (main office), on 16 August 2016. Topic: Key legal aspects of real estate Speaker: John Peacock, Senior Associate The topics of discussion included: Legal issues surrounding real estate ownership & transfer Structuring Real estate ownership in the UAE. The workshop was featured in the…