Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Will VAT fees eventually reach Saudi, and GCC banks?

user-image
Question ajoutée par Utilisateur supprimé
Date de publication: 2017/02/20
Naeem Aslam
par 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
par valsan kelothe meethal , accountant , Tax Practitioner

Of course it will reach ksa and gcc banks

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

Yes, It will be implemented and charged.

Utilisateur supprimé
par Utilisateur supprimé

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
par Venu Chityala , Deouty Manager , ICICI BANK LTD

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

More Questions Like This