UK’s Johnson cannot have his big tax cuts

London: UK Prime Minister Boris Johnson was urged to rein in his tax-cutting plans amid warnings that a no-deal Brexit could blow a ÂŁ100 billion hole in the public finances and lift government debt to its highest for half a century. The budget deficit is already set to exceed ÂŁ50 billion and that could easily […]

Excise tax on e-cigarettes and sugary drinks start on December 1 in the UAE

Abu Dhabi: The Federal Tax Authority (FTA) announced the excise tax on electronic smoking devices and tools and sweetened beverages will be effective as of December 1 2019, in accordance with the Cabinet and Ministry of Finance decisions issued in this respect. The FTA called on importers, producers and stockpilers of electronic smoking devices, liquids […]