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SLG Newsletter UAE - July 2015

The VAT Framework Agreement is expected to be finalised at the next meeting of the GCC Financial and Economic Cooperation Committee in October 2016.

The UAE will start implementing the VAT rate of five per cent from January 1, 2018. On June 15, 2016, the Undersecretary of the UAE Ministry of Finance, Younis Al Khoury, announced that companies in the UAE that report annual revenues over Dh3.75 million will be obliged to be registered under the GCC VAT system..Read More