UAE's VAT move has gone well, inflation to moderate: IMF official | Reuters:
"The United Arab Emirates’ introduction of value-added tax has gone smoothly and inflation, having jumped in response, will moderate, the head of the International Monetary Fund’s mission to the country said on Thursday.
Natalia Tamirisa said the 5 percent VAT rate imposed at the start of this year was a big cultural and administrative shift in a country that has traditionally had minimal taxation.
“Given the challenges, VAT introduction has been well managed and relatively smooth,” she told Reuters after a visit to the UAE for talks with authorities."
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