Why VAT is good for MNCs
The introduction of a five per cent value added tax in the UAE from next year is not only a righ step in right direction to diversify revenue generation sources, but the move will also help multinational and foreign companies operating in the emirate to skip higher rate in their home country…..
UAE resident alert: 5% VAT is officially coming by Jan 1, 2018
Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior United Arab Emirates finance official said on…..
All systems go for 5% VAT in UAE
With just less than a year to go to the planned date of the implementation of the five per cent value added tax (VAT) in the UAE, authorities are seeking to register all companies with an annual revenues exceeding $100,000 (Dh367,300) for the game-changing tax reform for the entire GCC….