Dubai - Mubasher: National Bonds Company has explained to its customers how it will collect the value-added tax (VAT), beginning next year.
According to Al Khaleej newspaper, 5% will be imposed on the fees received by the company, with 2% at a minimum value of AED 15 on purchasing sukuk and 1% on saving plans.
The company has informed all its clients that the tax will be collected starting from January 2018.
