VAT is to be implemented in UAE from January, 2018. Indirect Taxes Committee of ICAI has launched Standardized PPT on “Vat in the UAE” for the benefit of members and other stakeholders attached herewith.
ICAI has submitted 217 suggestions on GST as per the attachment.
Tax rate of mass use items is reduced from existing 28% to 18% resulting in substantial reduction in items attracting highest slab of 28% as per the attachment.
Indirect Taxes Committee of ICAI has come up with a ‘Hand Book on GST for Service Providers’ specifically developed to provide total knowledge of provisions pertaining to services under GST Act.
Statutory compliance chart can be helpful for compliance with various compliance due dates including of GST and Income Tax. The attachment covers all the major due dates which can be used as reminder for various compliances.