Selective healthcare services such as cosmetic treatments will attract VAT at five per cent
Selective healthcare services such as cosmetic treatments will attract VAT at five per cent
Under the new law, items carried out of the country by travellers will not come under excise.
Tax experts and insurers said everything other than life insurance would come under VAT
VAT has been set at 5 per cent on a host of products, but certain segments have been exempted.
We break down the new law's guidelines for you
Conforming to new law will help streamline businesses - and avoid penalties
The new taxation regime will be rolled out on January 1, 2018.
The law defines a clear set of common procedures and rules to be applied to all tax laws in the UAE
It will promote trade across borders within the GCC