{"id":642892,"date":"2017-08-24T04:07:37","date_gmt":"2017-08-24T04:07:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/"},"modified":"2017-08-24T04:07:37","modified_gmt":"2017-08-24T04:07:37","slug":"small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/","title":{"rendered":"Small businesses in the UAE are likely to be most impacted by VAT"},"content":{"rendered":"<p><strong>REGIONAL- Small businesses in the UAE are likely to be most impacted by the 5% <\/strong><strong>value-added tax<\/strong> (VAT) that will be imposed as of January next year, Muzaffar Rizvi writes in <a href=\"https:\/\/www.khaleejtimes.com\/business\/economy\/vats-to-worry-about\">Khaleej Times<\/a>. Larger enterprises have been preparing themselves for the impending tax, which represents \u201ca significant shift in the UAE's fiscal policy and wider GCC region.\u201d Although it will be the lowest rate in the region \u2014 compared to Egypt\u2019s 14% and Turkey\u2019s 18% \u2014 the UAE has \u201ca broader base than you see in most jurisdictions\u201d by virtue of it being the region\u2019s \u201cmost diversified economy.\u201d<\/p>\n<p>Other regional stories worth a glance this morning:<\/p>\n<ul type=\"disc\">\n<li><strong>The Tel Aviv Stock Exchange could IPO itself on the TASE in 2019<\/strong> after it finishes its transformation into a for-profit company, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-23\/tel-aviv-stock-exchange-ceo-plans-bourse-ipo-in-israel-in-2019\">the bourse\u2019s CEO told Bloomberg yesterday<\/a>.<\/li>\n<li><strong>Saudi\u2019s potentially USD 1 tn SWF <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-23\/saudi-wealth-fund-is-said-to-hire-head-of-111-billion-portfolio\"><strong>has reportedly hired<\/strong><\/a><strong> Rashed Sharif from Riyad Bank<\/strong> to manage the Public Investment Fund\u2019s Saudi-based assets worth some USD 111 bn.<\/li>\n<li><strong>Bahrain intends on filing a complaint against Qatar at the UN Security Council a<\/strong><strong>nd International Criminal Court<\/strong>, <a href=\"https:\/\/www.thenational.ae\/world\/gcc\/bahrain-to-file-complaint-to-un-and-icc-against-qatar-1.622144\">reports The National<\/a>. Bahrain argues that Qatar has attacked Bahrain using \u201cfourth-generation warfare\u201d techniques \u2014 shorthand for terrorism, psyops, and media warfare.<\/li>\n<\/ul>\n<p><strong>A diplomatic victory for Egypt? <\/strong>Chad has become the latest government to poke a stick into Qatar\u2019s spokes, shuttering its embassy in the statelet, <a href=\"http:\/\/www.reuters.com\/article\/us-gulf-qatar-chad-idUSKCN1B31JF\">according to Reuters<\/a>. The move comes less than a week after President Abdel Fattah El Sisi visited Chad as part of his <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/20\/president-sisi-meets-president-of-chad\/\">Africa tour<\/a>, which also included Rwanda, Tanzania, and Gabon. Chad shares Egypt\u2019s concerns about the conflict in Libya, sharing as it does a border with that country, and Qatar has supported Islamist-leaning factions there.<\/p>\n<p><strong>Russia\u2019s ambassador to Sudan was found dead yesterday in his swimming pool, <\/strong><a href=\"http:\/\/www.reuters.com\/article\/us-sudan-russia-idUSKCN1B32F8?il=0\">Reuters reports<\/a><strong>, becoming the fourth Russian envoy to die abroad since December. <\/strong>Mirgayas Shirinskiy, 62, appears to have had a heart attack, <a href=\"https:\/\/www.rt.com\/news\/400685-russian-ambassador-sudan-dead\/\">RT suggests<\/a>. Shirinskiy, a fluent Arabic speaker, was previously posted to Egypt and Saudi Arabia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REGIONAL- Small businesses in the UAE are likely to be most impacted by the 5% value-added tax (VAT) that will be imposed as of January next year, Muzaffar Rizvi writes in Khaleej Times. Larger enterprises have been preparing themselves for the impending tax, which represents \u201ca significant shift in the UAE's fiscal policy and wider [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642892","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c2b9554a-b733-4a31-b69b-e4f61acf2f9d","order":"0","is_powered_by":true,"section_story_id":"f0deeb8c-db6b-468f-833a-a8291db9db79","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642881],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Small businesses in the UAE are likely to be most impacted by VAT - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small businesses in the UAE are likely to be most impacted by VAT\" \/>\n<meta property=\"og:description\" content=\"REGIONAL- Small businesses in the UAE are likely to be most impacted by the 5% value-added tax (VAT) that will be imposed as of January next year, Muzaffar Rizvi writes in Khaleej Times. Larger enterprises have been preparing themselves for the impending tax, which represents \u201ca significant shift in the UAE&#039;s fiscal policy and wider [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-24T04:07:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Small businesses in the UAE are likely to be most impacted by VAT\",\"datePublished\":\"2017-08-24T04:07:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\"},\"wordCount\":343,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/small-businesses-in-the-uae-are-likely-to-be-most-impacted-by-vat\/\",\"name\":\"Small businesses in the UAE are likely to be most impacted by VAT - 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The postponement only applies to the tax filings as businesses are still required to remit VAT by today, Tax Authority Chairman Reda Abdel Kader said. Finance Ministry sources had\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570625,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/08\/finmin-working-on-specifics-of-corporate-income-tax-relief-program\/","url_meta":{"origin":642892,"position":2},"title":"FinMin working on specifics of corporate income tax relief program","author":"enterpriseam admin","date":"8 April 2020","format":false,"excerpt":"EXCLUSIVE- FinMin working on specifics of corporate income tax relief program: Businesses looking to pay their income taxes in installments under a tax relief program ordered by President Abdel Fattah El Sisi earlier this week will most likely be required to make three equal payments by set dates, with the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/74.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627046,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/middle-east-ma-values-up-62-in-1h2018-surpassing-global-average\/","url_meta":{"origin":642892,"position":3},"title":"Middle East M&#038;A values up 62% in 1H2018, surpassing global average","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"Middle East M&A values up 62% in 1H2018, surpassing global average: M&A transaction values in the Middle East rose 62% y-o-y in 1H2018 to USD 25.4 bn, up from USD 15.7 bn in 1H2017, according to a report from Baker Mckenzie. 65% of all Middle East M&A activity was cross\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568673,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/30\/legislative-amendments-to-widen-vat-tax-base-eightfold-maait\/","url_meta":{"origin":642892,"position":4},"title":"Legislative amendments to widen VAT tax base eightfold -Maait","author":"enterpriseam admin","date":"30 January 2020","format":false,"excerpt":"EXCLUSIVE- VAT Act amendments to widen tax base eightfold- Maait: In-the-works amendments to the VAT Act will aim to increase the number of taxpayers to 550k from 70k currently through \u201ctighter governance practices\u201d, Finance Minister Mohamed Maait told Enterprise. This may be done by linking the tax and customs authorities\u2019\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/765.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602672,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/finmin-looks-to-tax-the-living-daylights-out-of-social-media-ads-e-commerce-players\/","url_meta":{"origin":642892,"position":5},"title":"FinMin looks to tax the living daylights out of social media ads, e-commerce players","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"EXCLUSIVE- FinMin looks to tax the living daylights out of social media ads, e-commerce players: The Finance Ministry is moving ahead with plans to impose a mix of VAT, income, stamp, and development taxes on social media and e-commerce platforms and internet search ads, a senior government official told Enterprise.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=642892"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642892\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642881"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642892"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642892"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}