Saudi Arabia earlier on Monday said that from July 1 VAT would increase to 15% from 5%, with the kingdom seeking to contain the financial hit caused by low oil prices. In a statement, the UAE finance ... ( read original story ...)
UAE rules out any change in VAT rate after Saudi hikes it to 15%
Al Arabiya TV also reported that the UAE has no plans to increase VAT. In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent and also suspended the cost of living allowance ... ( read original story ...)
No plans by the UAE to increase VAT, reports
The UAE has no plans to follow Saudi Arabia by increasing VAT, according to the country’s Ministry of Finance. On Monday the kingdom announced a range of austerity measures as the country battles ... ( read original story ...)
UAE not to hike VAT rates and follow Saudi move
Saudi Arabia on Monday said it would raise VAT to 15 per cent from 5 per cent from July 1, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by ... ( read original story ...)
UAE not planning VAT hike: finance minister
DUBAI - The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after Saudi Arabia said it would triple its rate. Saudi Arabia on Monday said it ... ( read original story ...)
Coronavirus: SMEs in the UAE forced to digitally transform
In the United Arab Emirates (UAE), 77% of CFOs surveyed by management consultancy PwC said the coronavirus had “the potential for significant impact to our business operations and is causing us great ... ( read original story ...)
UAE has no plans to hike VAT unlike Saudi Arabia
The UAE will not increase value-added tax (VAT) which is currently levied at five per cent, sources close to the Ministry of Finance said on Monday. Al Arabiya TV also reported that the UAE has no ... ( read original story ...)
UAE Central Bank, ADGM to host fintech event in November
The central bank has developed a fintech strategy that comprises of fivepillars. These include: (i) research and the application of potential fintech solutions to address the need ... ( read original story ...)
Dubai Chamber’s Online Training Introduces The UAE National Self Employment Platform
A new platform to promote skilled UAE citizens providing fee-based services to government and private agencies. ( read original story ...)
In pictures: UAE’s Aster DM Healthcare brings 88 ICU nurses to Dubai
Aster has selected 60 nurses trained in critical care who were working at Aster's quaternary care hospitals in India who would be joining the UAE government's forces to manage the Covid-19 care ... ( read original story ...)