Friday 25 July 2014
 
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VAT

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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UAE says no VAT till 2010

Contrary to media reports that the UAE will levy value-added tax early next year, a government official was quoted as saying that the emirate will not bring in the new tax until at least 2010. To bring in VAT in place of import tariff

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Oman may introduce VAT next year

Oman is planning to introduce a value added tax (VAT) as part of a government drive to cut its reliance on oil and could bring in the measure as early as next year, a government official said on Monday. 'VAT is certainly on the cards and i

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Dubai’s VAT plans ‘on track’

Dubai Customs is well advanced with its studies into the introduction of value-added tax (VAT) in the UAE. Dubai Customs Executive Director Mr. Abdul Rahman Al Saleh told a seminar at the Arabian Travel Market in Dubai that his Department

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UAE 'mulls VAT in a year'

The UAE has launched the second phase of the VAT Study Project with a view to implementing Value Added Tax (VAT) in a year's time, a report said. The VAT could be supervised by a new federal authority, a government official was quoted as s

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