VAT in Saudi Arabia and Uae

[SIZE=6]Pesa ya mafuta inaoneka is dwindling day in day out.
[/SIZE]
www.bbc.co.uk/news/amp/business-42508883?espv=1
[SIZE=6]Saudi Arabia and United Arab Emirates introduce VAT for first time[/SIZE]
The 5% levy is being applied to the majority of goods and services.

Gulf states have long attracted foreign workers with the promise of tax-free living.

But governments want to increase revenue in the face of lower oil prices.

The tax kicked in on 1 January in both countries.

The UAE estimates that in the first year, VAT income will be around 12 billion dirhams (£2.4bn; $3.3bn).

[SIZE=5]No plans for income tax[/SIZE]
Petrol and diesel, food, clothes, utility bills and hotel rooms all now have VAT applied.

But some outgoings have been made exempt from the tax, or given a zero-tax rating, including medical treatment, financial services and public transport.

@jaymoh and @kush yule mnono kwa income tax hapa mko off the hook but life is bound to get more expensive huko.

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So you chose to inform us? Do you know when we were informed about it?
Salary is exempted and only what you have listed above is.
For every 1000 is spend there is 50 more
So for 100 there is 5 and here is where many people fall under 100.
Still better than the 16% that goes to mca, governor na arap mashamba

Thought ulikua unachanua watu pale watapata vat69

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Saudi Arabia and the United Arab Emirates have imposed the value-added tax as the largest Gulf economies seek to boost non-oil income and narrow wide fiscal deficits caused by years of low oil prices.

[B]Saudi Arabia and the UAE[/B] are the two largest economies, and both of them have reiterated their commitment to introduce [VAT]. Other countries can follow the suit. It’s a domestic type of tax. The impact of this tax on other countries will be fairly limited.
Get the full information: [B]https://www.thevatuae.com/[/B]

Saudi Arabia and the United Arab Emirates have imposed the value-added tax as the largest Gulf economies seek to boost non-oil income and narrow wide fiscal deficits caused by years of low oil prices.

[B]Saudi Arabia and the UAE[/B] are the two largest economies, and both of them have reiterated their commitment to introduce [VAT]. Other countries can follow the suit. It’s a domestic type of tax. The impact of this tax on other countries will be fairly limited.
Get the full information: [B]https://www.thevatuae.com/[/B]