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Forum: Middle East

6th Feb 2018, 15:30

Replies: 34

VAT could double to 10% in some GCC countries.

Views: 19,083

Posted By BANANASBANANAS

Harry, I am sure there is some truth in what you...

Harry, I am sure there is some truth in what you say but most of the managers who are willing and able to do 'commendable' work lack the authority to make the necessary decisions - and are invariably...

Forum: Middle East

29th Jan 2018, 14:19

Replies: 34

VAT could double to 10% in some GCC countries.

Views: 19,083

Posted By BANANASBANANAS

Yes, point taken. Perhaps it would have been...

Yes, point taken. Perhaps it would have been better to have said, if you haven't already got your assets out of GCC, now is probably your very last chance without risking a hefty tax bill.

Forum: Middle East

29th Jan 2018, 13:49

Replies: 34

VAT could double to 10% in some GCC countries.

Views: 19,083

Posted By BANANASBANANAS

Entirely agree. So, in anticipation of the...

Entirely agree.

So, in anticipation of the likely incoming bad news, can we expect expat house owners (with substantial equity), those with separate business interests and those with substantial...

Forum: Middle East

29th Jan 2018, 13:39

Replies: 34

VAT could double to 10% in some GCC countries.

Views: 19,083

Posted By BANANASBANANAS

I think the issue is not IF additional and higher...

I think the issue is not IF additional and higher taxes and fees will be levied as that is pretty much now a given.

The issue, imho, is what, if anything, our employer will do to offset the major...

Forum: Middle East

29th Jan 2018, 06:21

Replies: 34

VAT could double to 10% in some GCC countries.

Views: 19,083

Posted By BANANASBANANAS

VAT could double to 10% in some GCC countries.

The article is light on specifics but worrying nonetheless.

https://www.msn.com/en-ae/money/taxes/some-gcc-countries-could-double-vat-to-10percent-report/ar-BBIkNTY?li=BBqrVLO&ocid=mailsignout

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