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UAE moving towards VAT 2018.

The announcement for the introduction of VAT in UAE by January 2018 was made way back in the beginning of 2016. And here we are in the middle of 2017 gearing up for the implementation of the same. AGX, as a firm of professional auditors, have been asked by almost all our clients as to how VAT will be effected. What the procedures for VAT will be. We are also...
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LAW ON 5 PER CENT VAT PASSED IN UAE; HOUSE RENTS SET TO RISE

Business owners and landlords must pay a five per cent value-added tax (VAT) starting January 2018, announced the Federal National Council (FNC) on Wednesday in the UAE capital. The FNC approved the draft law, which serves as a legal framework and organizes all the regulations of taxes, which aims to generate revenue for the federal government and enabling a...
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UAE NON-OIL SECTOR RECORDS STRONGEST UPTURN IN OUTPUT IN 18 MONTHS

Boosted by higher oil prices, business conditions in the UAE’s non-oil private sector continued to gain momentum in February as output and new orders accelerated. “Strong demand conditions and a favorable economic environment encouraged companies to scale up purchasing activity and hire additional workers over the month. On the price front, average...
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