What will be the impact on UAE Economy once they introduce 5% VAT starting from 2018 ??

Question added by Satish Koottala , Accountant , City Diamond Contracting LLC
Date Posted: 2017/02/14

Upvote (0) Views (2) Followers (1) Answers (1) Report Question

by Michael Frings , Founder , IALC - International Agriculture & Landscape Consultant

This opens an overview of all movements of imported and exported material. Transport-, Store- and Financial Mangement will become easier.

What are all the possibilities of new employment opportunities due to VAT law introduction in GCC/UAE?
Top Answer: I have read in a LinkedIn article a while back that the introduction of the tax has not hurt the hiring m ... See More

Answers (6)
What do you think is the impact of Saudi's plan to introduce permanent residency to expats with regard to UAE's economy and investors growth?
Top Answer: If Saudi goes ahead with this plan it will have a positive impact on the Saudi economy for sure, but I wo ... See More

Answers (7)
How VAT will affect construction sector in UAE?
Top Answer: Construction cost may increase lilttle becuase of VAT implementaion in UAE. This VAT will be burden for C ... See More

Answers (2)
How to treat vat for branch transfer out?
Top Answer: If the branch is a part of the Tax group, the transfer it between is "exempted", no need to book input/ou ... See More

Answers (1)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.