New VAT rules: UAE businesses get major break on group medical insurance costs

Dubai: While VAT exemptions on crypto transactions and select financial services comes as a big break, businesses in the UAE will also be getting savings on their group medical insurance costs.

This comes after the UAE Ministry of Finance updated its exemptions list for VAT payments on Saturday (October 5), with extensive detailing of those business and related transactions coming under this ambit. (The changes come into effect November 15.)

The Gulf Indians

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