Saturday 25 November 2017
 
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FTA

UAE residential units exempt from VAT: FTA

Residential units in the UAE will remain generally exempt from value added tax (VAT), except for the first supply of a new residential building within the first three years of it being constructed, which will be zero per cent rated, according to

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UAE opens online registration for VAT

The UAE Federal Tax Authority (FTA) has announced that online registration for Value Added Tax (VAT) is now open, through its website, as part of FTA’s preparations for the 5 per cent VAT, set to be introduced from January 1, 2018.

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1,610 items subject to selective tax in UAE: FTA

The number of commodities covered by the UAE's selective taxation has been announced as 1,610 items, 60 per cent of which are classified as soft drink products, 26 per cent as tobacco and its derivatives, and some 14 per cent as energy drink

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UAE starts online registration for excise on Sept 17

UAE’s Federal Tax Authority (FTA)  has announced that it will open online registration for excise tax for businesses on September 17, providing an integrated system to serve the business sectors as per the highest international standa

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UAE launches website to help navigate tax system

UAE’s Federal Tax Authority (FTA) has launched its website, providing businesses and consumers with a wealth of information on the upcoming introduction of excise tax and VAT. The FTA website includes information about the A

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Khalid Ali Al Bustani named FTA director general

The UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree appointing Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations, as Director General of the Federal Tax Authority (FTA

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Bahrain jobs blow as US FTA tariff clause expires

Hundreds of employees of garment factories in Bahrain have been laid off as a key clause in the US-Bahrain Free Trade Agreement (FTA) expires tomorrow, a report in the Gulf Daily News, our sister newspaper said. To read further, p

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ZPizza opens in Bahrain

Gourmet pizza chain ZPizza has opened its first restaurant in Bahrain. The opening was hailed by the American Chamber of Commerce in Bahrain (AmCham Bahrain) as another success story of the Bahrain-US Free Trade Agreement. Located in Al

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Bahrain-US FTA to include more services and products

New services and products are set to be included in a Free Trade Agreement (FTA) between Bahrain and the US. The parliament yesterday (January 6) give the go-ahead to the second draft protocol on amending the agreement, said a report in the

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FTA setback for textile factories in Bahrain

Three major textile factories in Bahrain are set to move their operations abroad if a key US tariff agreement is not renewed. Garment firms MRS Fashions, Ambattur Clothing International and Noble Garments enjoy duty-free exports to the US unde

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