UAE – Effects of valued added tax on insurance
Monday, 03 27 2017, Category: Insurance and Reinsurance, Country: U.A.E
“Al Khaleej” was informed that the Insurance Authority asked insurance companies operating in the country to urgently launch a committee in order to study the effects and consequences of applying the value added tax on companies.
Moreover, it is worth noting that the Authority received repeated requests and notifications from insurance companies and the Emirates Insurance Association to carefully study the implications and consequences of applying the value added tax on the insurance sector in the beginning of year 2018 in the UAE and all Gulf Cooperation Countries.
Source: Al Khaleej - Economic