VAT FAQ -Released by Ministry of Finance
In the quickly shifting legal environment of the GCC, the introduction of Value Added Tax (VAT) is the most trending topic this month. In this article, we discuss the general FAQs and what VAT means for your business in GCC. 1. General Questions 1.1 What is tax? Tax is the means by which governments raise […]
Saudi-China business talks to boost trade and investment
RIYADH: The meeting of the Saudi-China Business Council in Beijing is expected to help boost trade and investment between the Kingdom and China, an official has said. Abdullah Al-Mobty, chairman of the council, told Arab News that the business talks will coincide with King Salman’s visit to Beijing. Al-Mobty said the discussions at the bilateral […]
All six GCC states to implement VAT together, says UAE council official
The six members of the Gulf Cooperation Council (GCC) will all simultaneously introduce a law to implement value-added tax (VAT) in 2018, even if it means a slight delay due to some countries lagging behind in their preparations, an official in the United Arab Emirates (UAE) said. Younis Al Khouri, under-secretary at the UAE’s finance […]
Ethiopia, Russia sign MoU, Protocol Agreement
Ethiopia and Russia signed a Memorandum of Understanding (MoU) on Tourism and Culture and Protocol of the Intergovernmental Commission on Economic, Scientific, Technical and Trade Cooperation. The agreement was signed by the two countries at the end of the 6th meeting of the intergovernmental Ethio-Russia Commission. The Ethio-Russia Commission also agreed to boost the two […]