Saturday 18 August 2018
 
»
Tag
 
»
tax

Ajman Ruler issues decree to reduce tourism tax

HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued a decree to reduce the tourism tax paid by hotels and tourism companies in the emirate, said a report. The reduction from 10 per cent to 7 per

More…

UAE urges judicious use of voluntary disclosure form

UAE’s Federal Tax Authority (FTA) has called on all registered businesses not to use the voluntary disclosure form indiscriminately. The FTA has advised that it must be submitted to the Authority only in case of actual error

More…

Dubai slashes fees on hotels, restaurants

Dubai has slashed municipality fees on sales at restaurants and hotels from 10 per cent to 7 per cent in a move aimed at reducing the cost of doing business in Dubai and promoting the emirate as a favourite business destination worldwide, a medi

More…

Kuwait 'remains committed to VAT; draft law ready'

Kuwait said it remains committed to introducing a harmonised Value Added Tax (VAT) regime by 2019 and was working towards that goal. The Gulf nation had signed a VAT Treaty along with the other representatives of the GCC states.

More…

KPMG helps Saudi companies reduce impact of tax errors

KPMG, a leading accounting and consulting firm in Saudi Arabia, has identified clear cases where VAT registered businesses in the Saudi market could make a mistake in their VAT filing due to lack of accuracy of invoices or clarity of records and

More…

UAE construction expert warns of VAT cashflow issues

Proactive measures should be taken to help protect suppliers from cashflow issues as a result of the introduction of VAT (value-added tax) this year, warned a leading UAE-based construction industry expert. “The construction

More…

GCC landowners 'must unearth value from dormant land'

Traditionally in the GCC, owning large pieces of land has been a means of safeguarding wealth for both governments and the private sector. However, these lands often lie dormant and unexploited, said a report. According to managem

More…

Registration for VAT continues says UAE authority

The UAE Federal Tax Authority (FTA) has urged the business sector to complete the registration requirements for Value Added Tax (VAT) purposes, commending the commitment and high turnout in the registration process.  

More…

UAE, Saudi Arabia kick off new era with VAT roll-out

The United Arab Emirates and Saudi Arabia have stepped into a new era with the introduction of 5 per cent value-added tax (VAT) on the majority of goods and services beginning today (January 1). The tax is imposed by Saudi Arabia and th

More…

Contractors 'must add VAT on Saudi government deals'

All companies that are working on contracts with government departments in Saudi Arabia need to modify their bills to include the five per cent VAT (value-added tax), said a report citing a senior official. The investors in the co

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads