Thursday 19 October 2017
 
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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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UAE President issues excise tax law

UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree-law on excise tax, which will be imposed on selected products, as determined by the Council of Ministers. As per the new law, excise tax rat

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Online registration for VAT in UAE from mid-September

An integrated online registration system for tax purposes will be open for businesses effective mid-September 2017, according to the UAE Federal Tax Authority (FTA). The announcement was made at a media briefing by the FTA to high

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Online registration for VAT in UAE from mid-September

An integrated online registration system for tax purposes will be open for businesses effective mid-September 2017, according to the UAE Federal Tax Authority (FTA). The announcement was made at a media briefing by the FTA to high

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New tax 'to hit Bahrain property prices'

A new tax imposed by Bahrain on infrastructure development could cost commercial developers hundreds of thousands of dinars extra for large projects, said a report citing an MP. The tax was introduced earlier this month and impose

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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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