It’s official: VAT will arrive in the UAE by 2018 | The National:
"Value added tax will be introduced to the UAE from 2018 at a rate of 5 per cent, while studies into a possible corporation tax are also under way.
Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, said that the government was in the initial stages of examining the social and economic impact of such a tax as well as how it might affect competitiveness.
He made the disclosure at a press conference with Christine Lagarde, the IMF’s managing director, in Dubai. He said: “There is no time frame for implementing this tax and no law or draft law has been stipulated.”"
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