Excise tax law and VAT in the UAE

After KSA, UAE is the second Gulf country to publish the law on Excise taxes. Excise goods affected by this law include tobacco, energy drinks, and carbonated drinks. The excise tax rates to be imposed are 100%...

Benefits of hiring a Change Management Consultant

In our previous post titled “Take your first step towards digital transformation”, we highlighted the importance of a Digitization strategy, that was broken down into the following three stages: Digital aw...

A blend of online and offline

In our earlier post titled "The Retail Meltdown", we discussed the threat that shopping malls and department stores are facing from today's technology and e-commerce world. But companies can't easily write off...

The Retail Meltdown

https://www.youtube.com/watch?v=Rq9TcTbxL8o In the middle of the growing e-commerce world, consumers are becoming more demanding of retailers and have higher expectations. Shopping malls and department store...

Saudi Arabia’s Excise Tax highlights

We published a blog post previously, on the Excise Tax Law in the Kingdom of Saudi Arabia, on the 11th of June 2017. With deadlines closing in on companies affected by this law, we saw the need to stress on the...

What’s in a Name?

Nuummite . Sounds like "NEW MIGHT". Nuummite is a gem of volcanic origin formed over 3.8 billion years ago making it one of the oldest stones found on earth. It was found under the ice-caps of Greenland. ...

قانون الضريبة الانتقائية في المملكة العربية السعودية

وقعت جميع دول مجلس التعاون الخليجي الستة على إطار اتفاقية الضريبة الإنتقائية لدول مجلس التعاون الخليجي. وفي أعقاب الاتفاقية، أقرت حكومة المملكة العربية السعودية قانون نظام الضريبة الانتقائية، الصادر بموجب مرسوم...

Excise Taxes in Saudi Arabia

The GCC framework agreement for Excise Taxes was signed by all six GCC countries. Following the agreement, the Government of Saudi Arabia approved the Excise Tax law, issued by a royal decree on the 23rd of May...

Latest on VAT

A great write-up by The National newspaper on VAT regulations in UAE. As organizations are trying to understand the impact of VAT on their business ahead of its introduction next year, the UAE Ministry of Fina...