Update: Senior UAE banker calls for VAT to be postponed | ZAWYA MENA Edition:
"Financial institutions in the UAE are not yet ready for the implementation of value-added tax, which is set to come into effect within weeks, a senior UAE banker said. “We call to postpone implementing the VAT to give time to all the sectors to implement it correctly, whether in banking, insurance, or other sectors,” AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation told reporters on the sidelines of a banking event held in Abu Dhabi. “Neither banks, nor insurance companies are ready,” he added speaking in Arabic. “We need at least six months from the time we receive all the detailed implementing regulations to be ready, along with details for each sector, and how to calculate the tax for each product,” he added."
'via Blog this'
No comments:
Post a Comment