No value-added tax in UAE until 2010
(News - Detail)
Date : 01.09.2008The UAE will not introduce a value-added tax until at least 2010 (in June media reported it will be implemented in early 2009). Replacing import tariffs with VAT will involve the creation of a "huge infrastructure" and may not be possible unless all six member-states of the Gulf Cooperation Council adopt the system together.
The UAE has been studying the adoption of VAT to replace customs duties that will be abolished as the second-biggest Arab economy signs free-trade agreements. The country is currently negotiating trade deals with the European Union, China and India.
Contacts :
Address:
CzechTrade Dubai
Jiří Zavadil
Dubai World Trade Center
7th Floor - Office No.21
P.O.Box 9204
Sheikh Zayed Road
DUBAI
United Arab Emirates
Jiří Zavadil
Dubai World Trade Center
7th Floor - Office No.21
P.O.Box 9204
Sheikh Zayed Road
DUBAI
United Arab Emirates
Contacts :
E-mail:
dubai@czechtrade.cz
WWW: http://www.czechtrade.ae
Phone: +971 4 3097018
Fax: +971 4 3097019
Fax: +971 4 3313493
WWW: http://www.czechtrade.ae
Phone: +971 4 3097018
Fax: +971 4 3097019
Fax: +971 4 3313493
