UAE Government draws up sales and corporation tax plans | The National:
"The UAE Government has drawn up plans to introduce both a federal sales tax – or value-added tax (VAT) – and a corporation tax, according to Al Ittihad, the Arabic-language sister paper of The National.
This would make the UAE the first country in the Arabian Gulf to introduce an economy-wide indirect tax on consumption.
VAT would be levied at a higher rate on luxury goods, alcohol, and tobacco. Basic goods and essentials would be exempt from VAT."
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