Workspaces

VAT on Your Workspaces?

Benjamin Franklin famously said, “two things are certain, death and taxes”. That thought resonated well when the UAE and KSA recently implemented their tax system in their respective countries. Prior to that, both countries boasted of tax-free living which drew a large crowd of professionals from areas where taxes had taken a large chunk of their income. The list is long for the forms of taxes, starting with income tax, property, consumption, Vat on your workspaces, tariff (trade), etc.  While the tax code in the UAE and Saudi Arabia doesn’t apply to income and property taxes. All forms of taxes...