vat
VAT Rates in GCC: Benefits for Businesses
- May 31, 2023
- Posted by: Vimal Hemachandran
- Category: Blog
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With the commencement of Value-Added Tax (VAT), the Gulf Cooperation Council (GCC) nations have reached an essential phase in their economic growth.
Artists and Social Media Influencer’s promotional services to be included in VAT
- March 13, 2021
- Posted by: Aswani
- Category: News
The services of artists and social media influencers (SMIs) are subjected to Value Added Tax (VAT), as per the latest Basic Tax Information Bulletin issued by the Federal Tax Authority (FTA).
Saudi Arabia exempts VAT on property deals and sets a new tax at 5%
- October 28, 2020
- Posted by: Aswani
- Category: News
Saudi Arabia has exempted VAT for real estate transactions which was 15% and sets a new tax at 5% on property deals. The Saudi finance minister tweeted that the Royal Order….
2 years of VAT in UAE
- February 20, 2020
- Posted by: Aswani
- Category: Blog
Two years have passed since UAE implemented VAT. Even though people were initially sceptical about VAT and its effects on business and their personal purchases..