
Prime Minister Abdullah Ensour called for endorsing the 2014 draft income tax law as soon as possible since as it is reformist in nature and would support the treasury.
At a meeting with the Lower House’s Economic and Investment Committee in the presence of Finance Minister Umayyah Toukan and Director General of the Income Tax and Sales Department, Iyad Qudah, Ensour said the approval of the draft law is a requirement for economic reform and is a national decision that supports the economy.
The prime minister hailed the amendments made by the committee to the draft law, adding that the government made sure that the draft law is fair and takes into consideration all segments of the society.
Members of the committee said that law would contribute towards boosting economic growth and encouraging investment but added that raising taxes on investors will reflect negatively on investors and citizens alike.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor