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Tag Archives: tax reforms

UAE outlook sunny on oil recovery, fiscal policies

The UAE economy is expected to grow by 2.6 per cent this year and 3.8 per cent in 2019, according to a new report by the Institute of Chartered Accountants in England and Wales (ICAEW) and Oxford Economics. The primary growth drivers will be recovering oil prices, expansionary fiscal policies …

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Saudi Arabia’s expat tax conundrum

This month was the end of the line for many Asian expatriates in Saudi Arabia who chose to return home following the conclusion of the school year and final exams. With rising levies on each expat every successive year, many of them folded up and made preparations for an early …

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VAT implementation makes SME lending safer

The UAE’s banking sector stands to benefit from the implementation of Value Added Tax (VAT) as the new tax system makes the balance sheets of corporates, particularly the small and medium enterprises (SMEs) more transparent, said Abdul Aziz Al Ghurair CEO of Mashreq Bank and Chairman of the UAE Banks …

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