The UAE is set to introduce five per cent VAT on a host of services and goods from January 2018 as part of the Gulf Cooperation Council agreement
The UAE is set to introduce five per cent VAT on a host of services and goods from January 2018 as part of the Gulf Cooperation Council agreement
The Federal Authority is finalising the executive regulations for VAT
Ministry of Finance urges the public to only follow official government websites and media outlets for updates on VAT.
The longer the shopping list, the bigger will be spent
Residential renters will escape taxation because residential leases are exempt from VAT
Residential property sales and leases and bare land will be exempt from new tax
It is a fully integrated electronic payment and revenue collection platform
Businesses with annual turnover of more than Dh375,000 should register on or before December 4, 2017
VAT brings good news to current finance and accounting students and graduates.
The businesses, with an annual turnover of over Dh150 million, also urged by the authority to register before October 31, 2017.