UAE To Implement VAT On 1 January 2018

The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. The minister was speaking in Dubai on 24 February after a joint press conference with Christine Lagarde, Managing Director of the International Monetary Fund […]

Greece to Consider Tax on Wealthy

Greece’s new Finance Minister, Yanis Varoufakis, has said that Greece is considering an “extraordinary tax” on wealthy individuals to expand on the new left-wing Government’s revenue streams. The comments came during an interview with Greek television station SKAI TV on February 28. He said that the main objective would be to tax people “who have money, but […]