The VAT will be applicable on the whole jewellery piece rather than on the making costs charged by the goldsmiths.
The VAT will be applicable on the whole jewellery piece rather than on the making costs charged by the goldsmiths.
While consumers will probably be more conscious of their spending habits, and think twice about non-necessary expenditure
VAT will be implemented across the UAE starting January 1, 2018.
Over 92 per cent of consumers are well-informed about the upcoming introduction of value added tax
The government already introduced increases to the basic salary in a regular manner
The two bourses will levy VAT on service and products from January 1, 2018
Companies that have not completed their VAT registration before December 31 will have to pay a Dh20,000 fine
The social impact expected VAT will vary from person to person" but will not exceed 1.4% annually.
The two free zones house more than 14,000 companies from 156 countries