UAE ruler issues decree to start value-added taxes in 2018

UAE ruler Sheik Khalifa bin Zayed Al Nahyan. (AP file photo)
Updated 27 August 2017
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UAE ruler issues decree to start value-added taxes in 2018

DUBAI: The ruler of the United Arab Emirates has issued a decree that sets the stage for value-added taxes to start being collected in the country beginning in January.
The state-run WAM news agency carried a statement Sunday on the decree issued by Sheikh Khalifa bin Zayed Al Nahyan, the UAE’s president and the ruler of oil-rich Abu Dhabi.
WAM said the 5-percent tax “is to be imposed on the import and supply of goods and services at each stage of production and distribution, including what is deemed to be a supply.”
All six members of the Gulf Cooperation Council have agreed to begin collecting so-called VAT taxes, though others may begin later than January. The GCC includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.


Israel agrees to ‘limited reopening’ of Rafah crossing: PM’s office

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Israel agrees to ‘limited reopening’ of Rafah crossing: PM’s office

JERUSALEM: Israel has agreed to a “limited reopening” of the Rafah border crossing between Gaza and Egypt, the office of Prime Minister Benjamin Netanyahu said on Monday, following talks with US envoys in Jerusalem.
“As part of President Trump’s 20-point plan, Israel has agreed to a limited reopening of the Rafah Crossing for pedestrian passage only, subject to a full Israeli inspection mechanism,” Netanyahu’s office said on X.