Tuesday, January 23, 2018
Tags VAT

VAT

The Impact of VAT on Car Ownership in Dubai

Owning a car in the UAE is a big decision since it involves many hefty expenses including fuel, insurance, parking and maintenance. For those...

Designated Zones in UAE for VAT Exemption Revealed

The Ministry of Finance has clarified the details of Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal...

UAE Residents Worried About Cost of Living Being Raised by VAT

• yallacompare survey finds 44.6% are worried about not being able to afford the increased cost of living as a result of VAT being...

PAN Emirates Will Not Charge VAT To Customers In 2018

PAN Emirates Home Furnishings, a local label in luxurious indoor, patio and outdoor furniture that is sure to light up any living space, takes...

VAT Impact Will Attract Global Players To Dubai Real Estate Market

The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai...

VAT: What Buyers and Renters Need to Know Now

Real estate brokering is defined as a service under the new UAE tax law, which will take effect 1 January 2018. This means...

Dubai Economy Asks Businesses Not to Hike Prices Ahead of VAT

The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has called on retailers in Dubai not to use the VAT (value added...

VAT for Residential and Commercial Real Estate Explained

The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax, VAT, at 5%, while residential units will remain...

30 Business Days Left To Register For VAT

Value Added Tax is set to go into effect on January 1, 2018. A 5% tax will be imposed on the import and supply of...

Executive Regulations on Value Added Tax Announced

Ministry of Finance Announces Executive Regulation for Federal Decree-Law No. (8) of 2017 on Value Added Tax The UAE Ministry of Finance has announced the...

VAT to Increase Costs for Real Estate Investors Across GCC

A survey of local investment professionals across the GCC region revealed that real estate is likely to become a costlier investment following the implementation...

Federal Tax Authority Calls On All Businesses To Register for VAT

Registration is encouraged to avoid the risk of missing the January 1, 2018, deadline, which would entail the Administrative Penalties stipulated in Cabinet Decision...

Online Registration For Value Added Tax Is Now Open

The UAE Federal Tax Authority (FTA) announced that online registration for the Value Added Tax (VAT) is now open, through its website, as part...

VAT in GCC: Benefits of Voluntary Registration

From 1 January 2018, any business operating in the Gulf Cooperation Council (GCC) group of nations that earns revenue of Dhs 375,000 or more,...

Executive Regulation of Federal Law on Tax Procedures Released

The UAE Ministry of Finance has release the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Tax Procedures, approved by the...

Excise Tax to Go into Effect on October 1, 2017

The planned Excise Tax is set to go into effect at the beginning of October 2017, announced the Federal Tax Authority (FTA) at a...

UAE Excise Tax To Be Paid in e-Dirham Only

The UAE Excise Tax, due to go into force effective 1st October, shall be collected in e-Dirham only, the Federal Tax Authority has announced. The...

VAT in GCC: What does it mean for your business?

On 1 January 2018, value-added tax (VAT) will come into effect for the first time in United Arab Emirates. Naturally, small businesses are concerned...

New Federal Decree Clarifies Value Added Tax in UAE

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Decree-Law No. 8 of 2017 for Value Added Tax in UAE,...

Construction Booms and VAT Looms – Who Loses in This Equation?

     Construction materials prices rose last year, according to a Dubai Chamber report, even as the slowdown in the property sector continues ...

Short Term Business Confidence Falls across Middle East

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter...

IMF Sees Limited Impact of VAT on UAE Economic Growth

On July 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded its latest assessment of United Arab Emirates economic outlook. Economic performance...

69% of GCC Businesses Not Prepared for VAT Introduction

The Gulf Cooperation Council (GCC) Value Added Tax (VAT) Treaty has now been signed by all six GCC states who have been taking concrete...

VAT in UAE Will Curb Unhealthy Consumption

The price of fizzy drinks and tobacco is about to go up. The Federal National Council last week approved a draft law setting up...