Newest Minister of Finance and National Economy, Badr Edeen Mahmud has renewed the State's obligation to continuous tax reform policies, and by expanding the umbrella of tax and reduce the burden on taxpayers and to address tax evasion .
The minister said at a meeting of the Supreme Committee for the tax and customs reform held at the ministry, Sunday that the tax reform aimed at removing distortions and encourage production in the productive sectors and the domestic industry .
He stressed the continuation of reform policies without imposing any additional taxes, referring to the attention of the Committee to review tax exemptions to limit the effects of the negative impacts .
The tax reform comes in the context of a series of reforms pursued by the ministry in preparation for the five-year economic program.
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
Send your comments
Your comment as a visitor