The UAE Government is not discussing value added tax (VAT) at the moment and would not be doing so in the near future, Emirates Business has learned.
According to Mohammed Ahmad bin Abdul Aziz, Director-General of the UAE Ministry of Economy, VAT is "not on the table". "It's not up for discussion… it's not on the table at the moment and we don't foresee that happening in the near future," he said on the sidelines of the Arab Investment Forum yesterday.
Hisham Abdullah Al Shirawi, Second Vice-Chairman of Dubai Chamber of Commerce and Industry, said he is not sure whether VAT will be implemented, adding that in times like these, the government is rather expected to lower its service fees.
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