By Aaron White, Regional Director for Sage Middle East On 1 January 2018, value-added tax (VAT) will come into effect for the first time in United Arab Emirates. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skillsand training, there are a number of benefits to the new tax system on businesses and the economy. Economic pressures But first, let’s take a step back to understand why VAT is being implemented in the first place. For … Continue reading VAT in the GCC: What does it mean for your business?