Wednesday 22 November 2017
 
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Saudi businesses urged to register for VAT

Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has urged businesses with annual revenues over SR1 million ($266,300) to expedite their VAT registration process and ensure their readiness for its implementation. The

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Abu Dhabi hosts key workshop on VAT regulations

The Department of Finance (DoF) – Abu Dhabi recently held a workshop to discuss the latest developments on financial systems and regulations related to government procurement frameworks, and introduce different government entities to the u

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Saudi Arabia to exempt many items from 5pc VAT

Saudi government has declared that not all goods and services will be subjected to the standard 5 per cent value-added tax (VAT) rate as some of them will fall under the zero-rated, the exempt or outside the VAT scope altogether.

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GCC food industry experts to discuss VAT effects

With the official implementation of Valued Added Tax (VAT) across the Gulf region in January, the ripple effect of the region’s first applied taxation on all goods and services is a pressing concern across the majority of industries functi

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GCC food industry experts to discuss VAT effects

With the official implementation of Valued Added Tax (VAT) across the Gulf region in January, the ripple effect of the region’s first applied taxation on all goods and services is a pressing concern across the majority of industries functi

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UAE yet to determine VAT rates on goods

The UAE government is still in the process of preparing the executive regulation for value-added tax (VAT) and the rates on supply of goods and/or services and exports are yet to be determined, said a top Ministry of Finance official.

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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's 'sin tax' comes into effect

UAE's new federal tax came into effect today (October 1), doubling the price of tobacco and energy drinks, and increasing the price of soft drinks by 50 per cent, said a report. The price of sodas is expected to increase from

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Saudi tax board approves VAT regulations

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia said its board of directors has approved the VAT Implementing Regulations ahead of its introduction in the kingdom starting from January 1. The GAZT meeting, chaired by

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Saudi tax board approves VAT regulations

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia said its board of directors has approved the VAT Implementing Regulations ahead of its introduction in the kingdom starting from January 1. The GAZT meeting, chaired by

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