Younis haji al khoori - Latest News Update, Information, Photos & Videos on Younis haji al khoori at Lokmat Times

The United Arab Emirates (UAE) has ruled out plans to raise the Value Added Tax (VAT) following Saudi Arabia's announcement of tripling its VAT as part of austerity measures due to the COVID-19 pandemic.VAT was introduced in the UAE in 2018 at 5 per cent on several goods and services, reports Xinhua news agency.On Monday, Younis Haji Al Khoori, the Ministry of Finance Undersecretary, said the Ministry will reorient the financial resources to prepare for the future and continued growth to ensure the security and safety of the communities.In a surprise move on Monday, Saudi Arabia increased VAT rate from 5 to 15 per cent which will effective as of July 1, while the cost of living allowance will be suspended from June 1.The Kingdom had first introduced VAT two years ago as part of efforts to cut its reliance on world crude oil markets.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Younis Haji Al KhooriFOLLOW

Younis haji al khoori, Latest News

International :UAE denies plans to raise VAT rate

The United Arab Emirates (UAE) has ruled out plans to raise the Value Added Tax (VAT) following Saudi Arabia's ... ...