‘No plans' for taxes in the UAE next year | GulfNews.com:
"The UAE’s Ministry of Finance on Tuesday ruled out any plans to impose any taxes next year as a result of falling oil prices.
“Our economy is robust ... our 2015 budget is balanced ... we don’t have any deficit and there are no plans for imposing any taxes next year as a result of the falling oil prices,” Obaid Humaid Al Tayer, Minister of State for Financial Affairs, told Gulf News yesterday.
Al Tayer spoke following the Federal National Council’s passing of the federal budget for 2015. The estimated budget is Dh49.1 billion, an increase of Dh2.9 billion (6.3 per cent) from last year."
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