The five per cent VAT on entertainment will result in an increase in the cost of water and theme park tickets in the UAE
The five per cent VAT on entertainment will result in an increase in the cost of water and theme park tickets in the UAE
Thanks to favourable conditions, new tax won't dim shine of jewellery sector
The FTA decision comes ahead of the October 1 launch of nation-wide excise taxes.
The UAE will double excise tax on tobacco and energy drinks and 50 per cent on soft drinks starting from October 1, 2017
VAT is not a business expense but a cost that is ultimately passed on to the end-consumer
Levy will not have long-term impact on retail sales
Board is working on issuing executive regulations for laws on VAT