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UAE VAT on agenda at Federal National Council
UAE
UAE VAT on agenda at Federal National Council
Salma on 19 February 2020
The UAEs Minister of State for Financial Affairs, Obaid Al Tayer, will be questioned on the effect of value-added tax on the economy at the Federal National Cou..
Business Bulletin on Education Sector released by FTA
UAE
Business Bulletin on Education Sector released by FTA
Mon Rana on 19 February 2020
The Federal Tax Authority (FTA) has released the Tax Informationbulletin about tax treatment for the education sector (schools, pre-schools, and nurseries) whic..
 VAT generates $663mln revenue in Bahrain in 2019
Bahrain
VAT generates $663mln revenue in Bahrain in 2019
Ahmed on 18 February 2020
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa revealed that Bahrain generated BD250 million from Value Added Tax (VAT) in 2019 up ..
VAT implementation in KSA and UAE: A first hand Impression
UAE
VAT implementation in KSA and UAE: A first hand Impression
Traya Roy on 18 February 2020
The UAE and Saudi Arabia were the first two countries to implement VAT beginning January 1, 2018, followed by Bahrain, which deployed the new system at the star..
Federal Tax Authority Issues 'Basic Tax Information Bulletin' to Continue Raising Tax Awareness
UAE
Federal Tax Authority Issues 'Basic Tax Information Bulletin' to Continue Raising Tax Awareness
Yasmin Gogi on 18 February 2020
The Federal Tax Authority (FTA) has launched the Basic Tax Information Bulletin as part of its campaign for 2020, where it seeks to continue raising tax awarene..
IMF issues economic warning to GCC economies
GCC
IMF issues economic warning to GCC economies
Ahmed on 17 February 2020
International Monetary Fund (IMF) has issued a warning toGulf states that their financial wealth could deplete in the next 15 years due to falling oil revenues ..
FTA issues Public Clarification EXTP004 regarding Deregistration of Stockpilers
UAE
FTA issues Public Clarification EXTP004 regarding Deregistration of Stockpilers
Traya Roy on 13 February 2020
Public Clarification EXTP004 issued by the Federal Tax Authority (FTA) provides guidance on situations where stockpilers may be allowed to deregister where less..
 UAE to ban waterpipe tobacco, e-cigarettes without digital tax stamp from March
UAE
UAE to ban waterpipe tobacco, e-cigarettes without digital tax stamp from March
Alina on 13 February 2020
Importing any type of waterpipe tobacco or electrically heated cigarette plugs that are not marked with Digital Tax Stamps will be prohibited across the UAE as ..
 Tourists can reclaim VAT using self-service kiosks
UAE
Tourists can reclaim VAT using self-service kiosks
Ahmed on 12 February 2020
Tourists can now reclaim their taxes on shopping from the Self-Service Kiosks which will be set up at major shopping malls and hotels across the country. The..
VAT exemptions for schools in UAE
UAE
VAT exemptions for schools in UAE
Mehreen on 10 February 2020
The Federal Tax Authority (FTA) has launched the Basic Tax Information Bulletin as part of its campaign for 2020, as it seeks to continue raising awareness abou..

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