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- 10 Sep, 2019
FTA’s dialogue led to smooth VAT implementation in the UAE, says Abdulla Al Gurg
The UAE’s Federal Tax Authority’s (FTA) dialogue with larger corporations will eventually trickle down to smaller traders, among whom the value-added tax (VAT) process has sometimes been problematic, according to according to Abdulla Al Gurg, the CEO of the Easa Saleh Al Gurg Group (ESAG). According to Al Gurg, ESAG – which is the exclusive UAE agent for the ...
More... - 10 Sep, 2019
UAE’s Federal Tax Authority issues warning over VAT scam
The UAE's Federal Tax Authority on Tuesday issued a warning after reports of scammers trying to target bank customers over VAT refunds. In response to reports that some bank customers have received emails from unidentified sources impersonating banks and financial institutions requesting personal data in the promise of helping them claim VAT refunds, the FTA reaffi...
More... - 09 Sep, 2019
IMF says VAT should be doubled to 10% in Saudi Arabia
The International Monetary Fund (IMF) has suggested that the value-added tax (VAT) should be doubled from five percent to 10 percent in Saudi Arabia in consultation with the other Gulf countries. Analysts expect the hike in VAT rate will come only after 2021 once Kuwait and Oman will also be ready to implement it and as a customs union, the increase makes sense acr...
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