Saturday 22 July 2017
 
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VAT

Saudi Arabia seeks feedback on VAT Implementing Regulations

Saudi Arabia's General Authority of Zakat and Tax (GAZT) has launched a public consultation on the  draft Implementing Regulations for the proposed value-added tax (VAT) in the kingdom. The public consultation is to invit

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GAZT launches public consultation on VAT

Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has launched a public consultation of the Draft Implementing Regulations for Value Added Tax (VAT), which is open for feedback until August 19. This consultation foll

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UAE economy to bounce back as oil prices recover, says IMF

The UAE is weathering the post-2014 oil shock well and the country's economic activity is expected to strengthen gradually in the coming years with firming oil prices and other global indicators, and an easing pace of fiscal consolidation, a

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GCC businesses not yet ready for VAT, says survey

With less than six months to go before the GCC implements value added tax (VAT), a new survey from ACCA (the Association of Chartered Certified Accountants) and Thomson Reuters has found that there is a significant lack of preparation and awar

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No VAT on UAE residential properties, undeveloped land

In a major move, the UAE government has decided to exempt residential property, undeveloped land besides some financial services and local transport from the five per cent value-added tax (VAT) to be introduced from January 1, said a report.

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Majority of GCC businesses 'well-informed on VAT'

Nearly 60 per cent of GCC businesses feel very well informed about the introduction of Value Added Tax (VAT) in January 2018, according to a Deloitte survey. Deloitte has been conducting regular pulse surveys about how businesses

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New VAT refund appointment service at Heathrow Airport

Travelex has partnered with Heathrow to launch VAT Refund by Appointment, a new service for customers reclaiming their tax when leaving the UK. Customers flying from Heathrow Terminal 5 can now book private refund appointments for

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Saudi Arabia launches public consultation on VAT law

Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has launched a public consultation of the draft law governing value added tax (VAT), which is being introduced in the kingdom from January 1, 2018. The launch of the

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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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