Value Added Tax (VAT)

in Finanza

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on […]

Bank of America trims net interest income guidance

in Finanza

(Reuters) – Bank of America Corp (BAC.N) lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. FILE PHOTO: A Bank of America building is seen in Los Angeles, California, U.S., May 6, 2019. REUTERS/Lucy […]

DIFC drives finance sector growth

in Finanza

Shrugging off slowdown in the financial sector and macro-economy, Dubai International Financial Centre (DIFC) marched ahead in 2019, attracting more companies in the first half of this year that will further cement the emirate’s position and ranking among the world’s top financial centres. The region’s largest financial centres said the number of companies increased 14 […]

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