The new value-added tax legislation has serious implications for banks’ profit margins.
KPMG recently released the UAE banking perspectives report. In the VAT article, Clare McColl, Partner, Indirect Tax explores the impact of the new VAT laws on banks, what costs might be associate with it, and how banks will be looking to recover these costs.
In this article, you can find out about:
© 2020 KPMG Lower Gulf Limited, registered in the UAE and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the United Arab Emirates. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.