Tuesday 23 January 2018
 
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Value-added tax

VAT ‘contributing to weaning UAE off oil’

The concerns emanating from the application of the value-added tax (VAT) are overrated, as its impact on the country's business sector will be in the minimal and will rather generate myriad benefits for the economy, said a top official.

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Saudi Arabia expects $9bn VAT revenue in first year

Saudi Arabia is expecting a total of SR35 billion ($9.3 billion) in revenue during the first year of applying the value-added tax (VAT), the project manager of VAT at General Authority of Zakat and Tax (GAZT) was quoted as saying in a media repo

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Gulf states agree to push value-added tax project with oil low

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax (VAT)around the region, in a sign that low oil prices may be strengthening support for the idea.

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GCC to pursue plan for value-added tax

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea. A

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