by Global VaTax | May 28, 2017 | Global VaTax blog
Attention, residents of the UAE and other GCC countries. Here is a message from almost everyone else: welcome to our world. When your value added tax takes effect on January 1, you’ll be dipping one toe into the chilly unpleasant reality of personal taxes. The rest of...
by Global VaTax | May 25, 2017 | Global VaTax blog
Certain tenets of tax policy are so thoroughly ingrained in our thinking that to question them seems almost sacrilegious. Among these is the doctrine that corporate income should be taxed once and only once. Typically that singular occurrence of corporate tax is...
by Global VaTax | May 25, 2017 | Global VaTax blog
Britain is losing up to 1 billion pounds a year in value added tax (VAT) because of fraud or error by sellers using online marketplaces eBay and Amazon, a report by the government auditor said. The National Audit Office (NAO) said on Wednesday that the sellers...
by Global VaTax | May 25, 2017 | Global VaTax blog
NEW DELHI: The UAE levying a 5% value added tax from next year will not affect trade, Dubai Chamber of Commerce and Industry Chairman Majid Saif Al Ghurair has said. “There will be no affect of VAT on trade. The discussion is to have VAT between 4-5%. It is an...
by Global VaTax | May 25, 2017 | Global VaTax blog
Understanding the impact of business models on VAT obligations can help to minimise tax risks and ensure compliance with tax regulations. Nicholas Hallam, chief executive of Accordance, highlights the key points. Being aware of VAT obligations – and how a business...
