UAE Vat Law

Honasa Consumer Ltd, which owns Mamaearth, brand, on Saturday said there will be no attachment of its assets in the UAE as it has no assets there, although a court in Dubai has ordered such an action in its ongoing litigation with RSM General Trading LLC over termination of distributorship. The company, which also owns The Derma Co and Aqualogica brands, had on Friday said a court in Dubai has ordered attachment of its assets in the UAE but refused to cancel the trading licence of Honasa Consumer General Trading LLC. In a filing on Saturday, the company said,"... there shall be no attachment of the company assets, as the company has no assets located in the UAE." Honasa Consumer General Trading LLC, a subsidiary of Honasa Consumer Ltd has been exempted from this order, it added. RSM General Trading LLC (RSM) and Honasa Consumer Ltd (Honasa) had filed grievance statements against the precautionary attachment order passed by Court of Merits at Dubai, the UAE on June 6, 2024. The Dub

It could be argued that considering the vast differences in size, economic maturity and diversity of the two countries, it is unfair to compare their tax regimes