Middle East loses tax free tag as Saudi Arabia, UAE introduce VAT for first time
World | January 01, 2018 14:48 ISTThe UAE estimates that in the first year, VAT income will be around 12 billion dirhams ($3.3 billion).
The UAE estimates that in the first year, VAT income will be around 12 billion dirhams ($3.3 billion).
Have a look at some of the pictures from the New Year celebrations all over the world.
Around 1.5 million and counting have gathered at the iconic building to watch the show and bid adieu to 2017 in style.
New York's Times Square and Dubai's Burj Khalifa are all set to welcome New Year.
Stores, gyms and other retailers are trying to make the most of the remaining tax-free days in Saudi Arabia and the UAE, encouraging buyers to stock up before the VAT is rolled out on Jan. 1, 2018.
Olympic gold medallist Carolina Marin of Spain and world champion Nozomi Okuhara have withdrawn from the elite competition.
Kerala has emerged as a popular destination this festive season, followed by Goa, Rajasthan and Himachal Pradesh, while Dubai, Singapore and Thailand have emerged as favourite international destinations.
The excise tax will be imposed on carbonated drinks by 50 per cent. The new tax will also be levied on tobacco products and energy drinks by 100 per cent, the Khaleej Times reported.
Saina credited coach Vimal for being there when she needed him the most.
Broadway Bakery took a month and over 1,200 working hours to bake the jaw-dropping Dangal-themed $40,000 cake
Dubai's Civil Defense announced at about 3:30 a.m. that firefighters had brought the blaze under control and that no injuries had been reported.
It was Sri Lanka's team which had come under attack from militants in March, 2009 in Lahore after which no top Test team has toured Pakistan because of security concerns and the PCB has been forced to hold its home series in the UAE.
A Saudi woman has been arrested for defying the kingdom’s strict dress code by walking around in a miniskirt and crop top in a video that sparked public outrage.
Celina Jaitly's father passed away on July 2 after a prolonged illness.
The immigration authorities in Dubai circulated a memo ordering all travel agencies to stop accepting 90-day visa applications filed by citizens of Pakistan and the Philippines.
Baahubali 2 is all set to hit the cinema worldwide on April 28 and the handsome hunks Prabhas and Rana Daggubati are on promotional spree. Both Prabhas and Rana will surely steal your heart with their impressive looks during the promotional tours.
Apart from the Gross Domestic Product and Per Capita Income, Dubai is also measuring people’s happiness through interactive touchpoints in the city
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