Saudi Arabia have announced that VAT will rise from 5% to 15% from 1st July 2020. Reacting to the Saudi announcement, H.E. Younis Haji Al Khouri, under-secretary in the Finance Ministry, is quoted as saying that the UAE has no…
Good news on VAT! An hour ago, the Federal Tax Authority [FTA] announced that those reporting VAT for the month or quarter ending March 2020, will have until May 28th 2020 to settle that amount. Gulf Tax Accounting Group The…
As the social and economic effects of the COVID-19 pandemic impact our businesses, both positive and negative, what is abundantly clear is that it’s no longer business as usual. Governments across the GCC have announced various stimulus packages to minimise…
If you are a VAT-registered business, you can expect a VAT inspection at some point in time, by officers from the UAE’s Federal Tax Authority (FTA). Do not panic. VAT inspections are routine checks conducted by the tax authority to…
Our latest VAT briefing covers the published Federal Tax Authority (FTA) Public Clarification on Tax Invoice requirements, Medical Insurance and Non-Recoverable Input Tax – entertainment services.
Attention all South African Expats Tax changes that impact on each and every one of you are due to come into force on 1 March 2020. These changes will have a significant impact on South African expats globally, but the…