Tuesday 6 December 2016
 
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VAT

EU plans new VAT rules to boost online business

The European Commission proposes to improve the Value Added Tax (VAT) environment for e-commerce businesses , which will allow consumers and companies, in particular start-ups and SMEs, to buy and sell goods and services more easily online.

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Banks 'must now evaluate VAT implications'

Banks and other financial service providers in Qatar will need to think carefully about their procurement processes, operating models and systems to prepare for the upcoming introduction of Value-Added Tax (VAT) according to KPMG’s global

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Mastercard, dnata unveil VAT Reclaim Service for SMEs

Mastercard, a leading technology company in the global payments industry, and air services provider dnata have teamed up to launch a VAT Reclaim Service for Mastercard Platinum BusinessCard and World Mastercard for Business cardholders.

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UAE’s first VAT app unveiled at Gitex

Dubai-headquartered regional law firm BSA Ahmad Bin Hezeem & Associates has launched UAE’s first app to address queries related to value added tax under one platform. The VAT’s App was launched at the Gitex 2016, w

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UAE’s first VAT app unveiled at Gitex

Dubai-headquartered regional law firm BSA Ahmad Bin Hezeem & Associates has launched UAE’s first app to address queries related to value added tax under one platform. The VAT’s App was launched at the Gitex 2016, w

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VAT ‘could be an uphill battle for GCC businesses’

The introduction of a VAT system in GCC states could be an uphill battle for the businesses to comply with, said an industry expert. “This indirect tax system is new to the region, although it has been widely used by a numbe

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EY Mena offers growth solutions

EY Mena has announced the launch of EY Growth Solutions, a new business model of innovative on-demand solutions, offering companies access to subscription services with inbuilt flexibility, standardization and competitive pricing.  

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VAT in the GCC – Insights by industry

Some retailers in the GCC may be better off only passing a smaller proportion of the increased cost upon the introduction of VAT on to their customers in an effort to retain market share, says Deloitte in a new report. “Alte

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Egyptian parliament approves VAT at 13pc

Egypt's parliament approved on Monday a long-awaited law introducing a value added tax of 13 per cent which will rise to 14 per cent in the next fiscal year. Parliament had been debating the law for weeks with several lawmaker

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China fines Ritz-Carlton, others for raising prices after VAT rollout

China slapped fines of more than $300,000 on the Ritz Carlton and Crowne Plaza hotels in Beijing, along with four other companies for using recent tax reforms to justify price increases. The country's top economic regulator, t

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