Tag: VAT
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...
Another step closer to VAT implementation in GCC
The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...
GCC businesses focusing on getting ready for VAT
To help businesses in the GCC understand the potential impacts of the implementation and operation under VAT, Deloitte Middle East has been issuing a...
VAT is set to truly be taxing, with next 13 months...
Diversification, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends as we move into Q1 2017....
VAT in GCC – It’s coming, so how do we get...
To help businesses in the Gulf Cooperation Council (GCC) countries understand the potential impacts of the implementation of VAT, Deloitte in the Middle East...
UAE economy projected to grow by 2.3% in 2016; Inflation set...
The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the...
VAT in the GCC: Now or Never?
Though nothing has as of yet been confirmed, senior officials from Saudi Arabia, Oman and the UAE have all referred to implementing Value Added...
UAE to implement 5% VAT from the start of 2018, but...
The UAE is reportedly set to implement 5 percent VAT from January 1, 2018, with 150 food items, health and education exempted, a senior...
Business Leaders Discuss the Impact of VAT on Businesses in UAE
In June 2014, the long anticipated announcement came from the UAE Ministry of Finance about its plans to establish a corporate tax and VAT...
Tax reform in the GCC approaching
Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom,...
UAE aims to impose value-added tax in 2018
The United Arab Emirates does not plan to tax the incomes of individuals or remittances abroad by foreign workers in the country, a senior...
VAT in GCC: Gulf states agree on key issues, says UAE...
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...
Will looming VAT, corporate tax hurt UAE expats?
For millions of expats working in the country, the fear of having to pay levies is very real, observes Saad Maniar…
Over the years, one...
No Imminent VAT Introduction in UAE
An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...
UAE to implement 5% VAT
The United Arab Emirates may soon set a value-added tax of 5 percent as part of a regional development plans, according to the undersecretary...
Corporate and personal tax rate in Bulgaria likely to remain at...
Bulgaria is becoming more and more attractive destination for foreign business owners and individuals to take advantage of the low corporate profit and individual...