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Acest forum este pentru cei ce iubesc si cei ce doresc sa afle mai multe informatii despre Emiratele Arabe Unite.Impartaseste cu noi gandurile si experientele tale petrecute in Sahara!This is the right place if you love everything about UAE.
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The time now is Sun Oct 11, 2026 8:51 am
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Simone
Hard-Working member
Joined: 16 Oct 2008
Posts: 69
Location: Dubai
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 Posted: Thu Oct 16, 2008 11:02 am Post subject: Re: VAT (Value Added Tax) |
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| Sara wrote: | VAT (Value Added Tax)
UAE will soon introduce a 3% value added tax (VAT) in the first quarter of 2009, as a part of a GCC-wide initiative. Since its introduction in France in the mid 1950s, VAT has been implemented by countries all over and now its UAE’s turn to face the music. This decision has been a direct hit for the residents who are already over burdened by the sky rocketing rents and inflation. Although it’s considered to be a step towards diversifying public revenues, it’s yet to be seen whether it would a blessing or a bane. |
There are pro and con opinions about introducing the VAT here, was not decided yet and many opinions are against this tax here. Even if introduced, will be applied only at import, once.
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