VAT can work wonders for the UAE and its SMEs

VAT can work wonders for the UAE and its SMEs

The impact on oil prices has paved way for new ideas on boosting public revenue, and considering the suggestions by IMF, the GCC governments are mulling over the thought of introducing VAT and corporation tax.

The GCC, with its tax-free environment, has attracted investors from various parts of the globe. But, when you take into account, the indirect cost implications associated with running an establishment, one might support VAT and avail of the facilities like – ease of conducting business, fair legal framework, and support systems for new establishments.With the VAT revenue model, these things could be improved.

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UAE Employment in 2015 Infographic

UAE Employment Growth in 2015 (Infographic)

The UAE’s Ministry of Labour recently announced the latest statistics on the employment market, which indicates growth. The report cites that the year 2015 witnessed employment growth mainly in the Health, Finance and Education sectors.

The Ministry saw a rise in the number of registered employees. This report also states that the trade and industry sectors topped the chart with highest employment rates in the labour market.

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7_Incredible_Qualities_That_Make_Effective_Leaders_Infographic_Aiwa_thumb

7 Qualities That Make Effective Leaders (Infographic)

Leadership is like a guiding light that has the power to transform lives. Powerful leaders are those godly figures who are gifted with a natural talent and some have acquired the attributes. Now when we speak of natural talent, that is something that comes from a Lion-like legacy – a trait that is born with, whereas the acquired ones are those who gained the leadership from their long and exhaustive experience.

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