Proper bookkeeping was alien to this part of the world due to the non-existence of a tax regime
Proper bookkeeping was alien to this part of the world due to the non-existence of a tax regime
Many were under the false impression that VAT implementation would be delayed
Experts discuss challenges being faced by private sector companies
Many people Khaleej Times spoke to are now thinking twice about making a new purchase as they try to stick to their budgets.
Passengers will have to pay 1-1.7% extra on their total fare.
They will be on the lookout for those who violate the prescribed 5% Value-Added Tax (VAT) on goods and services
Federal Tax Authority has listed free zones across the seven emirates.
The three sessions will be held in Sharjah, Ajman and Ras Al Khaimah on January 13
The errant establishments used a VAT rate which was higher than that prescribed by the government.