Saturday 1 August 2015
 
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VAT

UAE to draft new corporate tax, VAT laws in Q3

The UAE, seeking to bolster state revenues, is likely to complete the drafting of laws introducing corporate tax and value-added tax in the third quarter of this year, a senior Ministry of Finance official said on Thursday. "

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GCC to pursue plan for value-added tax

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea. A

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Gulf states plan key talks on value-added tax

Gulf states are pursuing discussions on plans to introduce value-added tax (VAT) in the region, with a meeting scheduled later this month aimed at resolving points of contention, a UAE finance official said. The six nations of the

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GCC pursues dialogue on value-added tax

GCC states are pursuing discussions on plans to introduce value-added tax (VAT) in the oil-rich region, with a meeting scheduled later this month aimed at resolving points of contention, an United Arab Emirates finance official said.

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New Bahrain firm eyes European VAT reclaim business

A new company in Bahrain that specialises in reclaiming value added tax (VAT) imposed by some European countries is looking to capitalise on its first mover advantage.   Acco

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UAE ministry unveils new apps for VAT

The UAE Ministry of Finance has announced the launch of its first smart phone application, which allows users to request the issuance of tax domicile and value added tax (VAT) certificates. Younis Haji Al Khouri, the undersecretar

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UAE ministry unveils new apps for VAT

The UAE Ministry of Finance has announced the launch of its first smart phone application, which allows users to request the issuance of tax domicile and value added tax (VAT) certificates. Younis Haji Al Khouri, the undersecretar

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Deloitte launches EU tax recovery tool

Deloitte, a professional services firm, has launched a special proprietary technology to assist Middle East businesses to recover tax (value added tax) paid in the European Union countries. The “RevaticSmart” technolog

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Lebanon raises VAT to 12pc in 2012 budget

Lebanon plans to increase value-added tax in 2012 to 12 percent from 10 percent, the country's finance minister said on Tuesday, to raise additional revenues. Finance Minister Mohammed Safadi said the 2012 budget projects the ratio of debt

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VAT plan for GCC oil firms at technical stage

Plans to introduce a value-added tax (VAT) for the GCC oil exporters remain at a technical stage with the timing of the long-considered project still undecided though 2012-2015 have been tentatively discussed as potential launch dates, officials s

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