Relief under GST will be for future residential projects
Developers in the process of evaluating the per unit benefit arising on account of GST implementation...
Tag : VAT
Why is a ‘Value Added Tax’ so important to the UAE?
Mohammed Fathy, General Manager of Dubai-based tax consultancy Al Dhaheri Jones & Clark, explains its long-term effect on the region’s sectors and GDP percentage...
Over 50% of businesses uncertain about how much ‘foreign VAT’ they can reclaim
While taxpayers are entitled to recover ‘foreign VAT’ they incur, billions of VAT goes unrecovered...
Saudi Arabia’s growth predicted despite slowdown in January
According to the Bloomberg Monthly GDP analysis, there is potential for growth in the non-oil sectors in 2018—better than levels seen in the last two years...
VAT complexities in the Middle East tackled by Tally Solutions
VAT has arrived in the UAE and so has Tally Solutions’ Tally.ERP9 Release 6, which offers a seamless experience for businesses and consultants. Vikas Panchal, business head of Tally Solutions, Middle East explains Tally's latest offering...
VAT impacts select sectors in the UAE, say expert panelists
The VAT system largely affects construction, real estate and export sectors, however, small enterprises continue to struggle with its implementation...
Brazil to reform tax structure to boost growth
Seeks to emulate India and China, which have both simplified their GST/VAT regime...
Tax compliance gets easier for companies
But post filing challenges still persists November 18, 2016: Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on businesses, says the latest edition of Paying Taxes 2017, a report by The World Bank Group and PwC. The report finds that the Total Tax Rate decreased by 0.1...
Saudi Arabia mulling over income tax on expats
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...