#VAT

UAE: Services extended by artists, influencers subject to VAT – authorities

The UAE government instituted a 5 per cent VAT on goods and services in January 2018

How can UAE businesses ensure compliance with ESR and UBO regulations?

Employing the services of certified audit firms can help companies in the country meet regulatory requirements and avoid penalties

Oman expected to add $779m in revenue from VAT this year

The country last year announced it would impose a 5 per cent VAT in an effort to bolster the economy

Saudi Arabia plans spending cuts in 2021 as economy recovers

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021

Saudi Arabia to review VAT hike once economic crisis ends

The VAT hike to 15 per cent, was implemented in July this year

Saudi VAT increase: What are the long-term implications?

The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July

Saudi Arabia extends Covid salary aid programme in reduced form

The programme originally covered 70 per cent of Saudi employees in firms with over five workers

Saudi Arabia is ‘assessing all options’ to stimulate economy

Saudi Arabia’s economy is expected to contract 4.8 per cent in 2020 before growing by 3.2 per cent next year

Oman Sultan to rule on VAT after legislature suggests 2022 start

Oman would become the fourth of the Gulf Cooperation Council’s six states to collect VAT

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

How Saudi Arabian shoppers are gearing up for the ‘new normal’?

Saudi consumers while venturing out more than in preceding months, still prefer to retain several preventive measures while shopping in stores

Dubai family businesses seek VAT cut and government help to repatriate expat workers

Representatives of family businesses met with Dubai government officials last month

What will be the impact of Saudi’s VAT hike on businesses and consumers?

The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1

No plans to hike VAT in the UAE – ministry

The UAE government levied a 5 per cent VAT on goods and services in January 2018

Saudi Arabia triples VAT, cuts cost of living allowances

The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total

UAE extends deadline to submit VAT returns to May 28

The move will facilitate businesses and service providers to meet their obligations without facing any difficulties