Editor on 11 May 2020
News reports confirm that the Kingdom of Saudi Arabia (KSA) has decided to increase the VAT rate from 5% to 15% effective 1st July 2020.
https://saudigazette..
Editor on 12 November 2019
Recently, businesses engaged in Banking and Real Estate have received letters from the FTA asking them to file for the appropriate special method of input tax a..
Editor on 05 November 2019
The issue of amounts received by taxpayers from their clients that are in the nature of penalty are contentious and have always attracted debate. Depending on t..
Editor on 04 November 2019
Excise tax is currently the flavor with FTA, as with the extension of this tax on Sugar Sweetened Drinks, the FTA is substantially increasing the base for Excis..
Editor on 31 October 2019
Recently, the EU removed UAE from the blacklisted countries that are considered non-transparent from a tax perspective. This removal is purely on the basis that..
Editor on 31 July 2019
In UAE, the majority of healthcare services like basic and primary healthcare services, diagnostic and other connected services are zero rated. This zero rating..
