Saturday 27 May 2017
 
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VAT

UAE VAT registrations to begin in Q3

The UAE Federal Tax Authority (FTA) will open registration of businesses for VAT (value added tax) with taxable income exceeding the yearly threshold in the third quarter of 2017,  a Ministry of Finance statement said. Regist

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GCC unified VAT accord come into effect

The Gulf Cooperation Council (GCC) unified selective excise tax and the unified value added tax (VAT) agreements, have come into effect after ratification by the UAE. The General Secretariat of the GCC has received the UAE's r

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Over half of UAE firms ‘yet to prepare for VAT’

About 52 per cent of UAE-based businesses do not have a VAT implementation strategy in place for the January 2018 deadline and a greater 60 per cent have not assigned budget for the change, said a new study. The majority of organi

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Deloitte to host VAT academies in Saudi, Bahrain

Deloitte is hosting VAT academies in Saudi Arabia and Bahrain this month to help equip businesses and keep clients abreast of all value added tax (VAT) developments in the GCC. This follows the recent publishing of the Gulf Cooperation

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KPMG Bahrain expands VAT practice with a new tax partner

In preparation for the introduction of Value-added Tax (VAT) by 2018, KPMG in Bahrain today announced the expansion of its tax practice with the appointment of Philippe Norre to lead the firm’s indirect tax practice (i.e. VAT, customs, and

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GCC framework ‘provides roadmap for VAT in Bahrain’

The release of the unified agreement for value-added tax (VAT) for the Gulf Cooperation Council (GCC) countries by Saudi Arabia paves the way for the implementation of VAT in 2018, said an expert. It also provides companies in Bahrain w

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Business confidence in Mideast hits 2-year high

Business confidence in the Middle East rebounded strongly in the first quarter of 2017, in line with the fastest rate of growth in global trade since 2015, according to the latest edition of the Global Economic Conditions Survey.

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What are the key points of planned VAT in UAE?

The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said

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What are the key points of planned VAT in UAE?

The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said

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SMEs at risk of digital exclusion, says ICAEW

Smaller businesses could be excluded from government plans to make tax transactions digital according to new research from ICAEW, a leading professional membership organisation of chartered accountants. The accountancy and finance

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