Wednesday 17 January 2018
 
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VAT

UAE residents worry over higher costs due to VAT

About 44.6 per cent are worried about not being able to afford the increased cost of living as a result of VAT being added to products, according to the survey from yallacompare, a leading comparison site in the Middle East. Over

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UAE to give 70pc of VAT revenues to local govts

The UAE Cabinet has decided to distribute 70 per cent of value added tax (VAT) revenues to local governments in the country, it was revealed today.   The UAE Vice President, Prime Minister and Ruler of Dubai, His

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Registration for VAT continues says UAE authority

The UAE Federal Tax Authority (FTA) has urged the business sector to complete the registration requirements for Value Added Tax (VAT) purposes, commending the commitment and high turnout in the registration process.  

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Saudi king orders extra pay to offset rising cost of living

King Salman has ordered extra pay for Saudi government workers and soldiers this year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).   

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Top VAT tips for UAE entrepreneurs

Entrepreneurs' Organization (EO) UAE, the local chapter of the dynamic global network of entrepreneurs, has reported that its members experienced a seamless transition to VAT this week. This smooth period was attributed to the

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Top VAT tips for UAE entrepreneurs

Entrepreneurs' Organization (EO) UAE, the local chapter of the dynamic global network of entrepreneurs, has reported that its members experienced a seamless transition to VAT this week. This smooth period was attributed to the

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No increase in price of recharge cards: Etisalat

Etisalat has clarified that it had not increased the prices of prepaid recharge cards after the implementation of VAT in the UAE.     “Etisalat has introduced five denominations of recharge cards

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Oman to delay VAT till 2019

Oman will delay implementation of Value-Added Tax (VAT) till 2019, but will start 'selective tax' on some goods later in the year, reports said.   The application of the selective tax on certain products

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VAT ‘contributing to weaning UAE off oil’

The concerns emanating from the application of the value-added tax (VAT) are overrated, as its impact on the country's business sector will be in the minimal and will rather generate myriad benefits for the economy, said a top official.

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Saudi Arabia expects $9bn VAT revenue in first year

Saudi Arabia is expecting a total of SR35 billion ($9.3 billion) in revenue during the first year of applying the value-added tax (VAT), the project manager of VAT at General Authority of Zakat and Tax (GAZT) was quoted as saying in a media repo

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