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Careem set to raise fares in Saudi Arabia

Upcoming fare hikes by ride-hailing app Careem in Saudi Arabia are a response to financial pressures on their drivers and increased operating costs including...

Saudi Arabia to raise $9.35bn from VAT in 2018 – official

Saudi Arabia expects to raise SR 35 billion ($9.35 billion) in revenue from the implementation of value-added tax (VAT) in 2018, according to Hamoud...

VAT in UAE: Car and electronics retailers use deadline to spur...

UAE residents are receiving emails and text message on their mobiles promoting big ticket purchases of cars and flat-screen TVs before value-added tax (VAT)...

No VAT on Salik, RTA clarifies

In a huge relief to UAE residents, the Roads and Transport Authority has clarified that value-added tax (VAT) will not be levied on Salik...

UAE’s Federal Tax Authority announces full VAT supplies list

The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing...

Tax law expert: Over 5,000 jobs will be created in GCC...

Paul Drum, Head of Policy at CPA Australia and an expert in tax law, has said that it is anticipated that around 5,000 finance...

Online registration for Value Added Tax now open

The UAE Federal Tax Authority, FTA, has announced that online registration for Value Added Tax, VAT, is now open, through its website, as part...

Federal Tax Authority says 1,610 items subject to excise tax

A total of 1,610 commodities are subject to the UAE's new excise tax, the Federal Tax Authority has announced. Sixty percent (974) of the items...

UAE residents to pay double for tobacco products

From today, residents across the country with a love for sugary drinks and cigarettes will be feeling the pinch, as the UAE's excise tax...

UAE to impose 500% penalty for VAT evaders – ministry

The UAE will close down a business for 72 hours and impose a severe financial penalty for value added tax evasion, according to tax...

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