VAT – UAE | GST SIMPLIFIED

End of tax-free Saudi Arabia and UAE: Shock new hikes unleashed by Arab states

by CA Ankur Suhasaria | Jan 5, 2018 | VAT - UAE

The introduction of a new five percent VAT on most goods and services was implemented on January 1. Speculators consider it a drastic move as the two allied countries have enjoyed tax-free living for residents and most businesses for decades. Some sectors have avoided...

No VAT on Dubai Metro, taxis in UAE

by CA Ankur Suhasaria | Jan 2, 2018 | VAT - UAE

Residents in the UAE, who rely on the public transportation system to get to work and move around, will not have to pay more for the use of public transportation after the implementation of the value added tax (VAT) from January 1. “Public transportation under the...

Saudi Arabia, UAE introduce VAT in first for Gulf

by CA Ankur Suhasaria | Jan 2, 2018 | VAT - UAE

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounced hike of up...

New era in UAE as VAT takes effect

by CA Ankur Suhasaria | Jan 2, 2018 | VAT - UAE

The introduction of a Value Added Tax (VAT) regime in the UAE marks the beginning of a new era in the history of the UAE economy where the general public will start sharing the burden of budgetary expenditure, starting today (January 1, 2018). While the VAT is...