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How VAT in UAE will affect the education sector

Nov,2017

Under the VAT regulation, higher education institutes which are more than 50 per cent funded by the government, will not be charged VAT but the rest will be.
UAE residents to pay VAT on food…..

VAT in UAE: What will be taxed and exempted

Nov,2017

School fees will be spared, but residents should keep an eye on their budgets as water, power, food and jewellery are expected to come under Value Added Tax (VAT) from next year. Experts…..

Watch out for indirect VAT costs on property deals

Nov,2017

With the value added tax (VAT) kicking in on January 1, 2018, end-users in Dubai are confused whether to pre-pone their property purchase decision or to continue paying rents and wait for sales prices to bottom out…..

UAE a big draw for tax experts as VAT nears

Nov,2017

The impending landmark tax reform in the GCC has opened the floodgates of new opportunities for accounting and tax professionals from across the globe……

UAE ticks all the right boxes for retailers

June, 2017

A prolonged period of low oil prices coupled with the currency fluctuation has impacted retail and tourism to some extent, however mall developers remain confident about the market in the medium to long term…..

VAT in the UAE and the challenge with financial services

May,2017

Value added tax is definitely coming to the UAE and an important question is how financial services will be treated. All 160 or so countries that levy VAT have struggled with this issue and the approaches…..

Here’s how VAT will affect your household financially

May, 2017

Value Added Tax – popularly known as VAT – is all set to be part of the daily parlance in the UAE. Scheduled to be implemented from January 1, 2018, this new system will further strengthen the nation’s revenue….

Levy of VAT will change landscape of UAE property

April,2017

The UAE is set to levy a five per cent value-added tax (VAT) starting on January 1, 2018. The decision is broadly in line with an effort to raise government revenues in the region, which….

VAT on UAE banking: Do the math

April, 2017

The proposed value-added tax (VAT) at a standard rate of five per cent is unlikely to have a major impact on general bank customers in the UAE, but it will negatively affect banking sector margins from next year onwards, said experts…..

Sending money from the UAE? Here’s how VAT could affect you

April, 2017

The UAE is the sixth top remittance-sending country in the world, with the country’s expatriates sending more than $19 billion (Dh70 billion) in one year to friends and families….

Why VAT is good for MNCs

March,2017

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

February, 2017

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

February, 2017

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….

UAE hopeful on VAT rollout across GCC

Feb,2017

Policy-makers in the six-nation Gulf Cooperation Council (GCC) are aiming to introduce a 5 per cent value-added tax at the start of next year despite administrative and technical obstacles, a senior…..

Saudi Arabia gives final approval to VAT

January, 2017

Saudi Arabia is ready to implement a region-wide value added tax, the cabinet said on Monday (30 th Jan, 2017), giving final approval to the measure which will take effect next year…..

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