United Arab Emirates to introduce 5% VAT

[Damian George]

United Arab Emirates to become first oil-rich Gulf Arab state to introduce value added tax. DUBAI - The United Arab Emirates is on course to shed its reputation as a tax haven and become the first oil-rich Gulf Arab state to introduce value added tax, marking a step towards diversifying public revenues.

As early as next year, shoppers in the sumptuous malls of Dubai -- the city-state whose oil resources are dwindling -- could find a VAT of up to five percent slapped on their receipts.

 

[John]

5% is pretty low still. Where is your source on this?

 

[Damian George]

hi.i have several hectares beachfront .who are looking for to invest in Moroccan coast,South of Morocco, North of Morocco, Desert ....for any information
0021262204232
morocco

why have you posted this here?

please try and add some value