Tag: Tax

This is where VAT money will go

This is where VAT money will go

To ensure that the tax money collected will be put to good use, the UAE cabinet is considering allocating 70 percent of VAT revenues to local governments. If deemed viable, the allotted money will be used to aid development projects …

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VAT-boosted fuel prices mark start of the New Year

VAT-boosted fuel prices mark start of the New Year

The Ministry of Energy has announced that petrol and diesel prices will rise on 1st January 2018. Part of the increase is five per cent Value Added Tax (VAT), which will be added to most goods and services from the …

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How VAT will make water and energy charges shoot up

How VAT will make water and energy charges shoot up

As residents brace for the upcoming introduction of Value Added Tax (VAT), it was recently revealed that home utilities will be subject to extra charges as well. As of 1st January, water and electricity bills across the country will carry …

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Expert advice: How to make your CV stand out

Expert advice: How to make your CV stand out

As part of our new Sunday Series, every week we bring you a new expert advice column to make the most of your life in Abu Dhabi. This week, Chris Greaves, managing director at Hays Gulf Region, tells us how to …

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VAT framework for real estate announced

VAT framework for real estate announced

Most residential properties will be exempt from taxation when VAT laws come into effect, according to newly announced guidelines. Released by the Federal Tax Authority, the framework details how the real estate sector will be affected by the five percent …

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Are you increasing your risk of diabetes?

Are you increasing your risk of diabetes?

With World Diabetes Day upon us, there’s no sugar-coating the dangers of the disease On 14th November, people from all over the globe will mark World Diabetes Day under the theme Women and Diabetes: Our Right to a Healthy Future. …

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This is how the UAE’s new tax laws will affect you

This is how the UAE’s new tax laws will affect you

The impending implementation of tax is an overwhelming thought for many of us. But don’t panic, it’s not as complicated as it seems The Middle East has long been a tax haven that brought jealous looks from many corners of …

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What you need to know about the new VAT laws

What you need to know about the new VAT laws

A Federal Decree-Law has been revealed on value-added tax (VAT) by HH Sheikh Khalifa bin Zayed Al Nahyan. Due to be introduced on 1st January 2018, VAT in the UAE will be among the lowest in the world, at a …

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Pension reforms look to retire outdated system

Pension reforms look to retire outdated system

  A new report has highlighted the urgent need for pension reforms in the UAE, following a workshop in the capital. The Pension Systems in the Arab Region: Trends challenges and options for reforms report, published by the World Bank …

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