Tuesday , January 23 2018
ruenar
Home / Economics (page 5)

Economics

Small corner shops must comply with VAT law: Al Bustani

All retailers must update all their prices in time for the VAT kick off on January 1 Image Credit: Ahmed Kutty/Gulf News Khalid Ali Al Bustani, Director-General of Federal Tax Authority,speking Authority’s directions regarding the tax system in the UAE in the next stage in Abu Dhabi on Sunday. Dubai: …

Read More »

Etisalat announces 5% VAT on products, services

Charge will apply to products, telecom services starting January 1, 2018 Image Credit: Gulf News Etisalat Dubai: Etisalat has announced that starting January 1, 2018, it will start collecting VAT with a standard rate of 5 per cent on behalf of the government, which will be applicable to products and …

Read More »

Tourists to get refunds on VAT paid

Mechanism for VAT claims will be announced later DUBAI Tourists to the UAE will be able to claim back the value added tax (VAT) on purchases they make whilst visiting the country, according to the recently released executive regulations by the Federal Tax Authority (FTA). The regulations do not, however, …

Read More »

Bitcoin-enabled ATM to be introduced in the UAE

The ATM will provide users in the UAE easy access to their bitcoin funds Image Credit: Supplied Dubai: NCR Corporation said it has teamed-up with CoinHub, a UAE-based cryptocurrency exchange, to enable users to make cash withdrawals from their cryptocurrency account at the ATM. “This locally conceptualized solution is yet …

Read More »

No increase in salaries to cope with VAT, says UAE minister

The tax will have minimal socio-economic impact on people and investments, Minister tell Federal National Council Abu Dhabi: There will be no increase in salaries to cope with the levying of the value added tax (VAT), Obaid Humaid Al Tayer, State Minister for Financial Affairs, told the Federal National Council …

Read More »

Revealed: Where rents are cheapest, priciest in Dubai

International City remains the best place for renters, if saving money on housing is a priority. Dubai: Rents in most communities in Dubai have continued to fall, but despite the declines, a lot of people are still relocating to other areas in search for lower housing costs. According to property …

Read More »

Now, climb to the pinnacle of Burj Khalifa?

A new virtual reality (VR) experience simulates the real-feel of scaling Burj Khalifa Image Credit: Supplied Image Grab a parachute for the free-fall VR ride into the dancing fountains Ever wondered what it would be like to climb to the pinnacle of Burj Khalifa before parachuting down to the Dubai …

Read More »

TRA stymies 615 cyberattacks in 10 months

Thu 14-12-2017 23:30 PM ABU DHABI, 14th December, 2017 (WAM) — A total of 615 cyberattacks against government, semi-government and private sector entities in the UAE were foiled by the Telecommunications Regulations Authority (TRA) during the first ten months of the year, according to TRA statistics. The attacks stymied by …

Read More »