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GCC residents benefit from the cheapest tax ratesGovernments all over the world impose and implement taxes to strengthen their economic development and enable it to be a real competitor among the world’s advanced economies. Value Added Tax (VAT) also known as Goods and Ser More… |
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VAT in the GCC: What does it mean for your business?On January 1, 2018, value-added tax (VAT) will come into effect for the first time in the UAE. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operat More… |
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A head start on the transition to VAT in GCCAlthough the introduction of value added tax (VAT) in the GCC in 2018 may seem like a long way off, there are sensible ways businesses can start preparing now – by assessing how it will impact them, according to experts. Exp More… |
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VAT in the GCC – Old news or new chapter?The recent action taken by the UAE to eliminate fuel subsidies has rekindled the debate on tax reform in the GCC, with the focus on domestic implementation of a broad-based Value Added Tax (VAT) on goods and services. While countr More… |
