#VAT

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