Did you know that you have to upgrade your e-dirham card for your future VAT payments?

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We think of these as business blockchains. Business blockchains are being used today to help reinvent how transactions are managed. They can take time and costs out of almost any process, enabling near real-time operations. And they deliver a high degree of accuracy and control, with much less risk than many alternatives.

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The public consultation document had mentioned UAE’s intention to align with OECD’s BEPS Pillar 2 project which aims to tax multinational groups at a global minimum rate of 15%.

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