Understanding the VAT impact on the Shipping and logistics industry is crucial as the UAE holds the reputation of being a leading multi-modal transit and re-export hub. The UAE cater to the logistics demand from major markets including Europe, Asia, Africa, the US, and other countries in the Middle East. The UAE has beaten stiff competition from other GCC countries due to the development of stronger infrastructure in the form of the Dubai logistics Corridor, modernization of seaports and airports, development of JAFZA, and the expansion of airports.
Source: jcauaeaudit.com
