iPhone | iPad
Android
Huawei
Sidra Ameen celebrates her first nomination in the Player of the Month Awards as she dazzled in the victorious ODI series against Ireland in Lahore
KT APPDOWNLOAD
DFM, ADX to levy VAT on services
The Dubai Financial Market said VAT would be levied on the invoice value.
dubai - The two bourses will levy VAT on service and products from January 1, 2018
The DFM said VAT would be levied on the invoice value.
VAT is being levied in accordance with the UAE Federal Law No.8 of 2017, DFM said, adding that this notification supersedes any contrary terms related to VAT in any agreement entered into with the DFM.
Nirav Shah, director, Fame Advisory, said the DFM will levy VAT on its service charges wherever applicable and this notification would supersede any earlier communication of charges by the authority.
The Abu Dhabi bourse said it would add VAT to the invoice value on services and products.
The UAE, along with Saudi Arabia, will impose five per cent VAT on a host of goods and services in order to expand revenue sources.
- waheedabbas@khaleejtimes.com
More news from
The country's approach toward space has always been driven by an overarching science and technology agenda
I may be from Malaysia, but I have been a big fan of South Korean and Japanese football, says Brandal who is having the time of his life in Qatar
The Swiss are not to be taken lightly at all
Supporters say Croatia keep finding a way to punch above their weight in the biggest soccer tournament
It was a hectic day for Sheikh Mohamed bin Zayed, yet the photos show him smiling all throughout, sincerely engaged in discussions
Mohammed bin Rashid Al Maktoum Knowledge Award also honours Dr. Zhang Yongzhen and Dr. Katalin Kariko for their work relating to Covid-19
Authority has set nine primary health standards and requirements for the safety of guests