Banking & Finance

“UAE will be the most affected by the introduction of VAT”, says BMI

The introduction of the value added tax (VAT) by the GCC from January 1, 2018, will only have a short-term impact on the spending power of locals and expats, according…

 
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Industry & Trade

Qatar’s foreign trade surplus shows first 2016 rise in December

Qatar’s December trade surplus increased 21.7 percent from a year earlier, its only monthly rise in 2016, according to official figures. The country’s surplus rose to AED10.7 billion ($2.9 billion)…

 
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Banking & Finance

Companies in UAE can register for VAT from October, says finance ministry

Business in the UAE will be able to register online for value-added tax (VAT) from October, according to the UAE Ministry of Finance. On Sunday, Younis Al Khouri, under-secretary, Ministry…

 
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Banking & Finance

Six Gulf nations aiming for simultaneous VAT adoption in January

Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior…

 
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