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Results for

VAT

15 Results
  • UAE economy expected to grow by 3.5 pct in 2023, 3.9 pct in 2024: UBS official

    UAE economy expected to grow by 3.5 pct in 2023, 3.9 pct in 2024: UBS official

    Michael Bolliger, Chief Investment Officer, Emerging Markets at UBS Global Wealth Management, forecasts the UAE’s gross domestic product (GDP) to ...
    Economy
  • UAE rolls out 9 pct business tax to boost non-oil revenue 

    UAE rolls out 9 pct business tax to boost non-oil revenue 

    The UAE began rolling out a 9 percent business tax on Thursday, with relief for small firms and likely exemptions for export-focused free zone ...
    Economy
  • Saudi Arabia’s finance minister says no change in VAT, expat levy

    Saudi Arabia’s finance minister says no change in VAT, expat levy

    Saudi Arabia’s Minister of Finance Mohammed al-Jadaan said that there is no change in the value-added tax (VAT) or the levy for expatriate workers at ...
    Economy
  • UAE amends some value added tax rules, effective from 2023

    UAE amends some value added tax rules, effective from 2023

    The United Arab Emirates has amended certain provisions to the value added tax (VAT) rules, effective from January 1, 2023.The Emirates New Agency WAM ...
    Economy
  • Liz Truss considers cutting VAT to 15 pct to ease UK crisis: Telegraph

    Liz Truss considers cutting VAT to 15 pct to ease UK crisis: Telegraph

    Liz Truss is considering cutting Britain’s VAT sales tax by as much as 5 percentage points across the board, the Telegraph reported, a move that may ...
    Economy
  • Saudi consumer inflation up 1.1 pct in November on higher prices for gasoline

    Saudi consumer inflation up 1.1 pct in November on higher prices for gasoline

    Saudi Arabia’s consumer price index increased by 1.1 percent in November from a year earlier and was 0.2 percent higher on the month, government data ...
    Gulf
  • Saudi Arabia set to reconsider 15 percent VAT rate: Finance minister

    Saudi Arabia set to reconsider 15 percent VAT rate: Finance minister

    Saudi Arabia’s Finance Minister, Mohammed al-Jadaan said that the Kingdom will most likely reconsider the value-added tax (VAT) rate when economic and ...
    Economy
  • EU to cut VAT  to pave way for cheaper internet, bicycles, solar panels

    EU to cut VAT to pave way for cheaper internet, bicycles, solar panels

    European Union finance ministers agreed on Tuesday to change EU rules so that they can cut the Value Added Tax (VAT) on goods and services linked to ...
    Economy
  • Bahrain government sends draft bill to parliament to approve VAT amendment

    Bahrain government sends draft bill to parliament to approve VAT amendment

    Bahrain’s government has officially sent a draft proposal to parliament for approval to amend value-added tax beginning on Jan. 1, 2022, according to ...
    Gulf
  • Bahrain considering doubling value added tax to 10 pct: Sources

    Bahrain considering doubling value added tax to 10 pct: Sources

    Bahrain is considering doubling value added tax to 10 percent to boost state revenues and reduce its budget deficit, a Bahraini parliamentary source ...
    Economy
  • Saudi Arabia could review VAT hike after pandemic ends, says minister

    Saudi Arabia could review VAT hike after pandemic ends, says minister

    Saudi Arabia’s acting information minister on Thursday said the kingdom could review its VAT increase after the novel coronavirus pandemic ends, a ...
    Economy
  • Oman to implement 5 pct VAT starting in six months: Oman TV

    Oman to implement 5 pct VAT starting in six months: Oman TV

    Oman's ruler has issued a decree to start levying a 5 percent value-added tax in six months' time, state-run Oman TV said on Monday, as the Gulf oil ...
    Gulf
  • Saudi Arabia raises VAT tax to 15 pct amid coronavirus: How does it affect consumers?

    Saudi Arabia raises VAT tax to 15 pct amid coronavirus: How does it affect consumers?

    Saudi Arabia’s decision to raise value-added-tax (VAT) from five percent to 15 percent, will come into effect starting from Wednesday, July 1.The ...
    Coronavirus
  • Saudi Arabia reaps the benefit of establishing VAT

    Saudi Arabia reaps the benefit of establishing VAT

    The coronavirus has caused the largest global economic crisis in nearly 100 years, forcing governments to take drastic moves to protect their ...
    Middle East
  • Saudi VAT: New coronavirus tax rate one of the lowest among advanced economies

    Saudi VAT: New coronavirus tax rate one of the lowest among advanced economies

    On Monday, Saudi Arabia announced it would be tripling its value added tax (VAT) rate to 15 percent from July 1, up from 5 percent.The move comes as ...
    Coronavirus
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