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متابعة

Will VAT fees eventually reach Saudi, and GCC banks?

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2017/02/20
Naeem Aslam
من قبل Naeem Aslam , Group Tax Consultant , Tech Group PJSC

Most probably not. The finance/bank sector internationally comes under zero rated or exempt supplies. Hence there are no chances Govt will levied VAT on Bank sector.

valsan  kelothe meethal
من قبل valsan kelothe meethal , accountant , Tax Practitioner

Of course it will reach ksa and gcc banks

Balkrishna Salian
من قبل Balkrishna Salian , Head of Internal Audit , M/s.Almana Group

Yes, It will be implemented and charged.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

If financial services are voted in respective country to be zero rated - minimal extra VAT costs. If exempt (or exempt with credit) - potential material VAT cost. Islamic Finance should be considered separately.

Venu Chityala
من قبل Venu Chityala , Deouty Manager , ICICI BANK LTD

Probabile  No. In UAE, the culuture is different and well developed countries, strong in  economy.

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