RIYADH, SAUDI ARABIA - The Zakat, Tax and Customs Authority (ZATCA) has set the criterion for selecting target establishments in the sixth group to apply the integration phase of e-invoicing which includes all establishments with revenues (subject to value-added tax (VAT)) exceeding SR70 million during 2021 and 2022. ZATCA has...
Sharjah event discusses anti-money laundering practices
SHARJAH, UAE - Sharjah Economic Development Department (SEDD) organized multiple workshops for legal purposes and a number of investors and owners of economic establishments operating in the emirate attended the events. The workshops were on “Real Beneficiary Procedures and their Administrative Penalties” as well as “Anti-Money Laundering Procedures, Required Documents...UAE launches project to establish centralized database of industrial companies
ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) Monday launched the Industrial Census project, in collaboration with the Federal Competitiveness and Statistics Center (FCSC), members of the Industry Development Council, and the local statistics centers. The project aims to create a comprehensive database of all establishments...RAK Chamber members’ exports in Q2 2022 totaled $447m
The Ras Al Khaimah Chamber of Commerce and Industry issued its statistics for the second quarter of 2022, which showed that the value of exports of the chamber's members totaled $447 million.
