As announced by MOF (Ministry of finance) VAT likely to be imposed on a consumer from 1st of JAN 2018, Rate expected to be as low as 5%.
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If a business or vendor supplies of good and service meet the annual turnover limit set by the government and also trade in those supplies...
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1- What is VAT? VAT or Value added tax is one of indirect tax, which is applied to consumer spending. VAT is collected by registered V...
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UAE plans to implement VAT in the next year 2018 along with other GCC countries, which could generate Dhs 20 billion in the Second y... -
It's the responsibility of VAT registered companies to keep the financial record up-to-date and free from error. The financial record ...
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In 2016 GCC VAT forum inaugurated with hundreds of finance heads across the region. This Feb meeting will again host Group finance M... -
As announced by MOF (Ministry of finance) VAT likely to be imposed on a consumer from 1st of JAN 2018, Rate expected to be as low as 5%.
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As gold doesn't come under the category of basic household goods , Beside VAT an excise duty will also be applicable on Luxury cars, b... -
As UAE government is under the process of drafting the complete UAE Tax Law so it still unknown how much the personal transaction will be a...
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Once business registered for VAT it has to submit its VAT return on regular basis. The default period for VAT return will be 3 months for m...
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