mostly a one time thing it seems, but i know of a case where it was 2 times. It doesnt matter much as the request is largely the same, so the second time is easier.
Proof that they are just farming for money, giving only 3 days to comply is another element supporting that so they can fine you quick and straight.
Thinking of shutting up shop to be honest. It's given me a bad feeling with them being able to do this at a whim
I received the notice last year and passed their "inspection" but i share your sentiment. i hate the uncertainty and running a business here. But, I'm unsure where to set up shop next.
I am looking at Cyprus. It's where I was originally going to set up before I talked to Fred. The thing is with Dubai, we set up there thinking it was 50 years guaranteed tax free and no accounting necessary. Now we are getting hounded like this in a Middle Eastern country. What will they decide to do next?
Agree, and funny you say this. I looked into Cyprus as well before coming to Dubai.
Yes I agree but would Cyprus hit you with an unexpected audit or potential fine out of nowhere?
I don't know. I do feel that Cyprus is more "secure" than Dubai, but I'll let others chime in that are more experienced such as @CyprusLawyer101.
any idea where most people went and set up shop?
IFZA does not currently require an audit. The FTA or DIEZ may request it, but why spend extra money now if it can be arranged later?
Found this thread also
scattered by the wind id say 😉.
https://thevatconsultant.com/
how can you suggest them if you don't have used them before?
