Saudi Arabian General Authority for Zakat and Tax (GAZT) announced that VAT registration will start in September 2017 and deadline for registration will vary depending on the size of the potential taxable businesses. Continue reading
For the first time in the history of Swiss value added tax, there may be a reduction in the standard and special VAT rates! Whether and to what extent a reduction will be introduced on 1 January 2018 is up to the Swiss voting population to decide on 24 September 2017 as part of the vote on the reform of Old-Age and Survivors In-surance (AHV). Continue reading
Erstmals in der Geschichte der Schweizer Mehrwertsteuer könnten der Normal- und der Sondersatz sinken! Ob und in welcher Höhe eine Senkung per 1. Januar 2018 erfolgen wird, entscheidet das Schweizer Stimmvolk am 24. September 2017 im Rahmen der Abstimmung zur AHV-Revision. Continue reading
The registration portal will open from 28th August after which point you have a few months to register ahead of VAT launch in January 2018. Continue reading
On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication. Continue reading
The Value Added Tax (VAT) law was published in KSA’s official gazette (UM AL-QURA) in its issue number 4681 dated 28 July 2017.
The VAT law indicates that VAT will enter into force from the start of the fiscal year following the date of its publication in the official Gazette, i.e. 1/1/2018. Continue reading
There have been two important developments in the GCC which could be of interest for you and probably require your attention: Continue reading