Media In – Dubai February 5, 2018 The hospitality sector in Saudi Arabia is experiencing many reforms and investments over the next five years at a compound annual rate of 13.5%. According to a study prepared by Colliers International, the official partner of the Arabian Travel Market, MediaIn said that …
Read More »Report: Fixed prices of residential properties in major cities in Saudi Arabia
Media In – Riyadh February 5, 2018 London – Property prices in Saudi Arabia’s main cities have stabilized in a sign that the market may be close to stability after a year of rapid decline, the property consultancy Knight Frank reported on Friday. In a press release obtained by MediaN, …
Read More »Abu Dhabi’s Week in India: Economic initiative to attract investments
MediaIn – New Delhi on February 4, 2018 Abu Dhabi week will be held in the capital of New Delhi, India tomorrow, and will continue until February 9th, which is a platform launched by the Department of Economic Development in Abu Dhabi to unite the efforts of public and private …
Read More »Egypt’s International Petroleum Conference “EGPS 2018” reviews development plans in the field of oil and gas
Media In – Cairo 4 February 2018 WAM Egyptian Minister of Petroleum and Mineral Resources Tareq Al-Mulla announced the launch of the second session of the Egyptian International Petroleum Exhibition (EGPS 2018) under the auspices of the Egyptian President during the period from 12-14 February. The Minister pointed out that …
Read More »“Federal Taxation”: “Additive” within the price of the advertised item with discounts
Media In – Abu Dhabi 4 February The Federal Tax Authority explained that the final reduced prices declared for the goods during the promotion offers must be included in the 5% value added tax which is calculated within the specified price after reduction by the sales outlet or the service …
Read More »The value of cash out of banks during the year 2017 is 67.7 billion dirhams
Media In – Abu Dhabi 4 November 2018 WAM The total balance of cash traded outside banks operating in the UAE jumped to its highest level since June after reaching 67.7 billion dirhams at the end of December 2017, an increase of 5.4 billion dirhams compared with the balance in …
Read More »Study: UAE remains the best in confidence in investments and no effects of “additive”
Media In – Dubai 4 February 2018 WAM A recent study showed that the UAE has the lowest global and regional value added tax, compared to countries including Britain, Switzerland, Germany, Mexico, South Africa and Australia, and is the least Arab country among the countries that apply value added tax …
Read More »BizTweet provides flight updates in Abu Dhabi via Twitter and Facebook
Media In – Abu Dhabi February 4, 2018 Abu Dhabi Airports has begun to include real-time flight updates via Twitter and Facebook accounts thanks to the new BizTweet service launched this week. Ahmed Al Shamsi, Acting Chief Operating Officer, Abu Dhabi International Airport, said in a press release that “Providing …
Read More »7 Guidelines under VAT issued by the Saudi General Authority for Zakat and Income
MediaIn / Riyadh / Agencies VAT.GOV.SA has published a set of guidelines for different sectors and activities, each containing information and clarifications regarding tax transactions and how they are applied, with the aim of supporting enterprises registered with VAT and facilitating tax compliance rules. The guides covered the following sectors …
Read More »February 28 is the Due date to submit tax returns for the first period
MediaIn – Abu Dhabi 4 February The Federal Tax Authority has invited the business sectors registered with the Authority within the value added tax system, whose first tax period ends at the end of January 2018, in order to prepare for submission of its declarations, indicating that these statements must …
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