Regulation, Risk & Compliance
Tax
Uncategorized
VAT could emerge a cost centre for banks irrespective of rates
Implementation of Value Added Tax in the UAE starting from January 1, 20018 will have some adverse implications for the banking sector’s margins, irrespective of the rate at which the VAT will be charged on the financial services. Following the introduction of VAT, it will apply to most supplies of…
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Click here to read the full story: Gulf News