Thursday , December 14 2017

Tag Archives: VAT

GCC nod to VAT, tax proposals – Start 2018

JEDDAH, June 17, (KUNA): The GCC finance ministers discussed and approved on Thursday the proposals to impose the valueadded tax (VAT) and the selective tax, during the 104th extraordinary meeting of the GCC Financial and Economic Cooperation Committee. In a statement Friday, Bahrain’s Finance Minister Sheikh Ahmad bin Mohammed al-Khalifa, …

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Introduction of VAT will increase inflation

CFA Society Emirates, the association for financial and investment professionals in the UAE, has today unveiled the results of a survey which assessed the impact of introducing Value Added Tax (VAT) across the GCC. The survey provided market insights from CFA members and charterholders in the United Arab Emirates. With …

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Gulf prepares VAT laws ahead of 2018 levy – ‘No exceptions’

ABU DHABI, Jan 14, (RTRS): Gulf Arab states are putting the finishing touches on draft laws on value-added taxes (VAT) of up to 5 percent that could be imposed from 2018 to boost revenues hit by falling oil prices, officials said on Thursday. The tax, drawn up in coordination with …

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Gulf countries agree on key issues for implementing VAT – Health, education, social services, some food among exclusions

ABU DHABI, Dec 7, (RTRS): Gulf states have agreed on key issues for implementing value-added tax in the region, an official from the United Arab Emirates finance ministry said on Monday, moving the six nations closer to introducing direct taxation for the first time. The agreement was reached at a …

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