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Tax will impact retailers, financial services and a range of business operations and services.
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94 basic food products would be exempted from the tax
The UAE will join the club of nearly 150 countries by implementing value added tax (VAT) from January 1, 2018. In this series, Khaleej Times explores VAT, why it is needed and how it will impact residents and businesses. Part 1 of a 5-part series? on all that you wanted to know about VAT.
The VAT will be introduced in the country from January 2018 and it will be charged at five per cent only. In many countries it's as high as 25 per cent.
Dh12b additional revenues for UAE in first year after implementation of VAT
What is VAT and what does it really mean? How does it impact the lives of the common UAE resident? Bernd Debusmann explains.
The UAE will join the club of nearly 150 countries by implementing value added tax (VAT) from January 1, 2018. We find out why it is needed and how it will impact residents and businesses.
The VAT will be introduced in the country from January 2018 and it will be charged at five per cent only
