Author: Phoebe Weir

UAE Faces Challenges for VAT Launch in 2018

Earlier this year it was confirmed that value-added tax (VAT) is set to be introduced in the UAE on January 1st 2018. The introduction of VAT will have widespread effects throughout the UAE, none more so than the retail industry. KPMG’s tax chief in the UAE said the retail sector will be particularly impacted by […]

Luxembourg as Leading Financial Centre in Europe

Luxembourg has improved its ranking by 5 places compared to GFCI 18. The ranking rates financial centres by several factors of competitiveness, such as business environment, human capital, taxation, reputation, infrastructures and financial sector development. More information about the GFCI can be found here. As a leading financial centre, relocating to Luxembourg for a new tax […]

VAT to be introduced in the UAE during 2018

A senior official at the UAE’s Ministry of Finance has confirmed that Value-Added Tax (VAT) will be introduced across the UAE and the GCC in 2018. Younis Haji Al Khoori, Undersecretary at the Ministry of Finance (MoF), said that the GCC countries have agreed to unify their tax policies before the introduction of the VAT. […]

Luxembourg 2015 VAT Increase

In April of this year Luxembourg’s Prime Minister, Xavier Bettel, confirmed that the country’s VAT rate would increase by 2% across three of its tax bands. The start of 2015 will see a hike in all of Luxembourg’s tax rates, other than its super-reduced rate which will remain at its current 3% level. This increases […]