Regulation, Risk & Compliance
Tax
Uncategorized
UAE banks may hike fees to offset additional VAT costs
As banks in the UAE grapple with the new value-added tax regime and the high compliance costs associated with mandatory tax registration, it is likely that they follow international trends by increasing their fees to compensate for the additional costs, banking analysts said. "We believe it quite probable that banks…
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Click here to read the full story: Khaleej Times