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VAT . . . a Good Thing?

The tax-free environment in the GCC is set to change, VAT will help GCC economies experience diversified growth, says Mas Meghji

May 17, 2012 3:18

Lebanon raises VAT to 12 pct in 2012 draft budget

Lebanon plans to increase value added tax in 2012 to 12 percent from 10 percent, said the country's finance minister, to raise additional revenues and avoid further borrowing on international markets.

October 5, 2011 10:35
Gulf plans to launch VAT remain at technical stage

Gulf plans to launch VAT remain at technical stage

Timing of VAT not decided, countries to be given grace period; VAT rate of 5 pct considered; Tax expected to generate revenue of 2-3 pct of GDP

September 8, 2011 4:33
A taxing delay for GCC firms

A taxing delay for GCC firms

The introduction of a value-added tax could be a financial blow to companies that are slow to update their contracts.

May 7, 2010 9:39

Tax haven? Not for long

Returns from the soon-to-be-implemented VAT will help the UAE diversify from oil revenues, but it won't do your bank account any favors

November 3, 2008 1:47