ABU DHABI / WAM The Federal Tax Authority (FTA) has determined three main categories of “eligible goods” for calculating Value Added Tax (VAT) on the basis of the profit margin scheme. These are second-hand goods, meaning tangible movable property that is suitable for further use as it is or after repair; antiques, i.e. goods that are over 50 years old; ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, on Wednesday published a consultation paper setting out its proposed regulatory framework for operators of Private Financing Platforms (PFPs) in ADGM. The consultation paper follows positive feedback received from the industry in response to the March discussion paper issued by the Financial Services Regulatory ...

Bloomberg Ireland would back any request by the UK to stay in the European Union after March 2019, Irish Foreign Minister Simon Coveney said, the first senior EU official to publicly raise the prospect of Brexit being delayed. The Irish government would “absolutely” support the British government if it sought more time for negotiations with the bloc, Coveney told BBC ...