Shutterstock/Vijith Pulikkal/Gulf News UAE businesses– both on the free zone and mainland ... Effective January 1, 2023, input credit of VAT paid under RCM (on goods and services) is allowed ...

Finance Minister Enoch Godongwana is expected to table budget 3.0 this month, making it a third attempt in as many months.

VAT is charged on the final product, businesses still incur VAT on raw materials, machinery, and utilities. This has ben a ...

British luxury brands urge government to reinstate VAT-free shopping for tourists, warning that Trump’s new tariffs could ...

The relief would apply to goods from businesses donated to charities for them to distribute free of charge to those in need or used by good causes in their delivery of services.

Designated Free Zones (DFZs) are specific areas that enjoy a unique legal status for VAT purposes. They are considered outside the UAE for VAT on goods, even though they are geographically located ...

Saudi Arabia has a new regulation allowing tourists to claim refunds on the 15% value-added tax (VAT) paid on eligible goods ...

Samuel Agbeluyi, president and chairman CITN, said that the incentive of increasing Value Added Tax (VAT) from 7.5% to 10% ...

The agriculture sector welcomes the reversal of the proposed VAT increase, highlighting its positive impact on farmers and ...

DESIGNER goods might be too pricey for some of us but there is a way to get your hands on top brands for a fraction of the cost – and no, it’s not illegal. You won’t even need to ...

The Thai Retailers Association (TRA) wants the government to introduce an instant VAT refund scheme for tourists and set up a free-trade-zone sandbox in tourist destinations such as Phuket, with the ...