GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

5 percent VAT comes into effect on 1 January 2018 across applicable telecom products and services  

Abu Dhabi, 21 December 2017:  Etisalat announced starting 1 January 2018, it will start collecting VAT with a standard rate of 5 per cent on behalf of the government, which will be added on applicable products and usage of its services 

This complies with the Federal Decree-Law No 8 of 2017 issued by the government on the introduction of Value Added Tax (VAT) in the UAE. 

Etisalat is taking all efforts to be ready and compliant for the new law coming into effect and provide complete information to all customers and its effect in the future. Etisalat has already started contacting all customers to increase awareness and provide clarity on the introduction of VAT. 

The UAE leadership's vision is to build a diversified and sustainable economy and the new tax system aims to support the economic development in the country enabling it to compete with world's most advanced economies. With Etisalat taking a major step towards a great future, it is making sure that transparency is maintained by taking all necessary measures in educating customers on the new government directives regarding VAT and its impact on their telecom services.

Etisalat has taken necessary steps in communicating all detailed information on all its platforms and also answer any queries regarding the implementation of VAT on its products and services.

As mandated by the UAE Federal Tax Authority, 5 percent VAT will be added to applicable telecommunications products and services effective from January 1, 2018. For postpaid customers, 5 percent VAT will be added on the monthly bill, while prepaid customers will continue to recharge as usual. The 5 percent VAT will apply on the actual usage of the credit towards Etisalat services and not on the prepaid recharge cards value.



Posted by : GoDubai Editorial Team
Viewed 8839 times
Posted on : Thursday, December 21, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Lg Partners With Meridian Audio to Deliver High Performance Audio Solutions
Next Story : Fortinet Survey Reveals 63% of IT Decision Makers in the Middle East are Confident in their Cybersec...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
The FW18 Trend Report From Weill Paris
Discover the Secret to Younger-looking, Radiant Skin
Climax Mascara Never Fake It
Keep your skin looking healthy and hydrated, naturally
Brighter Eyes with Skin Republic
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Nat...
LOOTAH Perfumes brings a collection of delicate scents to fulfill the needs of t...
The Balmain Haute Elegance Oval mirrors the brand's soul
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
Lexus Design Award 2019 open for entries
Brow Contour Pro 4-in-1 defining & highlighting brow pencil
Joyalukkas adds another jewel to its crown with the inauguration of its third sh...
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
HHC looks forward to collaborating with Louvre Abu Dhabi to boost UAE's cultural...
Trend Alert! Giddy up on the best platform with your new horse-inspo ensemble fr...
Get flawless skin with Rodial's new Booster Drops
Demand for school supplies is higher than ever
Introducing the GUESS Jeans Fall 2018 Collection'
Elegant and feminine new Mini Bubble set to make a big splash
Johnson's launches Fresh Hydration Range – Cleansed, hydrated skin in just #OneSwipe
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
The World of Aigner Wunderkammer
UAE Team Emirates Announce Line Ups for Two-day Italian Bonanza
Special Olympics World Games Abu Dhabi 2019 Launches Volunteering Recruitment Drive
Curate your perfect Autumn Winter wardrobe, with Robinsons
REIB DWC-LLC, a Marketing, Management & Financial consultancy Experts from the U...
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
Reinforcing Smartphone's Weakest Link: Huawei Could Launch Ultra-Fast Charging B...
Daniel Craig Brings the Diver 300m to the Surface
DS Podium Chronograph 1/100 sec
Global Report Reveals That the “Feeling of Home” Is Moving Beyond Four Walls
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turno...
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018
Kibsons Expand Vegan Range
Corum Heritage Eleganza- Dedicated to the stylish woman
Health Shield Medical Center to Celebrate Women of the Capital
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
With more collections and a more spacious car parking, Kalyan Silks moves to El...
AXOR is the official partner for bathroom fixtures of the Design Hotels™ brand
Lacoste Introduces the Keep Playing Collection for Women
Sixth Turkish Airlines World Golf Cup played in Istanbul
Nokia smartphones serves first slice of Android™ 9 Pie on the award-winning Noki...
Emirates Airline Dubai Rugby Sevens 2018 FactSheet
Festival Plaza Announces Lulu Hypermarket at New Lifestyle Destination
The Ford F-150 Raptor: Your Ultimate Partner for Off-Road Adventure
Western Digital powers AI-enabled storage for futuristic surveillance and security
Dubai Land Department: 41 real estate companies compete in International Propert...
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child