United Arab Emirates – Introduction of VAT, further progress


634058_web_R_by_M. Hermsdorf_pixelio.deUAE government has made some progress in the process of introducing VAT in the country by 2018.

According to a recent Statement by the UAE Ministry of Finance officials, the registration thresholds under consideration are as follows:

Read More »

Puerto Rico – postponed the VAT implementation till 1 of June 2016


SONY DSC
Yesterday, the Secretary of the Treasury in Puerto Rico issued a press release to postpone the effective date of the Value Added Tax (VAT) to June 1st, 2016, in accordance with his statutory authorization. The Sales and Use Tax (SUT) will continue to be in effect through May 31st, 2016, including the 4% tax on business to business and on designated professional services.

The VAT regime will enter into effect on June 1, 2016 only.Read More »