VAT – NJQ & Associates

ALGERIA: NEW VAT RATE ON ALL IP SERVICES

NJQ & Associates — Thu, 11 Apr 2024 14:25:53 +0000

ALGIERS – The Algerian National Institute of Industrial Property (INAPI) has introduced a new Value Added Tax (VAT) rate of 19% on official fees related to IP services due to changes in the tax system of the country.

This is effective as of 29 March 2024.

For more information, please contact algeria@qumsieh.com.

BAHRAIN: VAT RATE INCREASE

NJQ & Associates — Fri, 28 Jan 2022 08:20:57 +0000

MANAMA – Pursuant to the introduction of the Value Added Tax (VAT) in Bahrain, the Council of Representatives has approved the increase of the VAT rate from 5% to 10% to all goods and services purchased in the country, including IP-related services, with some exceptions for certain basic food items and healthcare products.

The increase took effect on 1 January 2022. Please note that our schedule of charges will reflect the increase only for the official fees.

For more information, please contact bahrain@qumsieh.com.

SAUDI ARABIA: VAT INCREASED FROM 5% TO 15%

NJQ & Associates — Sat, 23 May 2020 08:20:36 +0000

RIYADH – The Minister of Finance, pursuant to the introduction of the Value Added Tax (VAT) of 5% in January 2018, has recently announced that the Ministry decided to raise the VAT amount from 5% to 15% to all goods and services provided in Saudi Arabia.

This increase in the VAT will be applied on trademark applications from 1 July 2020 and will only affect the official publication fees for all trademark actions (e.g., the publication of new applications, post-publication for recordals) since publications are conducted through a private independent company.

Our new schedule of charges will reflect the increase only in the official fees.

If you have any questions, please contact saudi-arabia@qumsieh.com.

Saudi Arabia – Applying 5% VAT

NJQ & Associates — Sun, 28 Jan 2018 10:06:41 +0000

RIYADH – The Value Added Tax (VAT) of 5% has been applied in Saudi Arabia in relation to goods and services since 1 January 2018. Accordingly, said VAT will be applied on the professional fees for any pending or new IP matters to be completed after 1 January 2018.

Furthermore, official publication fees for all trademark actions (e.g., publication of new applications, post publication for recordals) will be subject to the VAT rate since publications are conducted through an independent company.

For more information, please contact saudi-arabia@qumsieh.com.

UAE – Introducing VAT Rate and Changes in Practice

NJQ & Associates — Tue, 12 Dec 2017 06:22:46 +0000

VAT Rate:
ABU DHABI – The UAE Minister of State for Financial Affairs will apply a 5% Value Added Tax (VAT) starting on 1 January 2018 by the Federal Decree Law No 8 of 2017.

Therefore, said VAT will constitute a pass through charge for such matters and will be reflected on affected invoices starting from the effective date and will be applied on all un-billed work as well as new matters.

Registration of Trademarks:
The Trademark Office of UAE has started issuing registration certificates electronically for the applications published in the Official Gazette number 180 dated 27 September 2017 onwards. This procedure was entered into force on 27 November 2017.

For more information, please contact uae@qumsieh.com.