Final Guarantee 5% of the award amount, excluding value added tax
The purpose of the amendment Bill under the Income Tax Act and the Value Added Tax
Act was to let off some agricultural farming implements from VAT over and above bring into line interest charges.
He clarified that the percentage of value added tax
in Saudi Arabia is low compared to international rates, pointing out that a higher rate of tax would lead to a higher value of penalties which could have a significant impact on business.
8) of 2017 on Value Added Tax
and its Executive Regulations, all online sales are subject to VAT where a seller's supplies exceed the mandatory registration threshold of AED375,000 over the previous 12 months or the coming 30 days.
Sharjah Chamber of Commerce and Industry in collaboration with the Federal Tax Authority will organise a workshop on Value Added Tax
(VAT) on 23 August, 2017.
The ECC also approved a proposal of the Ministry of Industries and Production to grant exemption from value added tax
as required under a provision of a proposed agreement between the Government of Pakistan and the Government of Belarus on Industrial, Scientific and Technical Cooperation.
Muscat: Draft agreements for the standard GCC value added tax
and excise tax were reviewed by a Majlis Al Shura panel on Tuesday.
Qatar is expected to introduce value added tax
(VAT) between January 2018 and January 2019, a seminar organised in Doha by audit firm BDO Qatar was told.
However, the announcement of the imposition of value added tax
on land for development purposes is mistimed, problematic and very likely to create distortions," the group said in an emailed statement on Thursday.