VAT likely to affect UAE retail sector | GulfNews.com:
"The appliances sector, especially consumer electronics, will be hardest hit by the introduction of value-added tax (VAT), according to Euromonitor International.
As for other segments of the retail sector, the UAE’s first major tax will have varying degrees of impact, says Nikola Kosutic, Research Manager for Euromonitor International Middle East.
“Broadly speaking, the grocery segment will be least affected as most of it will be exempted,” Kosutic said, adding: “But the hardest hit will be the appliances segment due to the elasticity of demand for such products.”"
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