Middle East Business News - Published date: Friday January 10, 2025.

The new decision, which supersedes the UAE Cabinet Decision No. (25) of 2018, now covers gold, silver, palladium, plati... Read more

Middle East Business News - Published date: Friday December 13, 2024.

Fund managers andvirtual asset traders, including crypto, are exempt from VAT Read more

Middle East Business News - Published date: Thursday September 03, 2020.

A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan ... Read more

Middle East Business News - Published date: Thursday July 02, 2020.

Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more

Middle East Business News - Published date: Wednesday July 01, 2020.

Shopping malls in the kingdom have drawn large crowds in recent days as retailers offered 'pre-VAT sales' and discounts ... Read more

Middle East Business News - Published date: Sunday February 09, 2020.

Some businesses are yet to fully understand the proper application of VAT on goods and service, writes Nidal Abou Zaki, ... Read more

Middle East Business News - Published date: Wednesday April 17, 2019.

The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more

Middle East Business News - Published date: Tuesday February 12, 2019.

Three challenges stand out, accordinbg to David Stevens, GCC VAT Implementation Partner, EY Read more

Middle East Business News - Published date: Saturday March 03, 2018.

Consumers are directly responsible for paying VAT only on contracts that states the amount due is exclusive of tax Read more

Middle East Business News - Published date: Monday February 26, 2018.

Price increase to moderate in next 12 months Read more

Middle East Business News - Published date: Sunday February 25, 2018.

Rates rose three per cent in January compared to the same period the previous year Read more