VAT rate in the UAE is to be set at 3%
(News - Detail)
Date : 15.06.2008Dubai Customs has recommended a rate of three per cent for the value added tax (VAT) the UAE would introduce next year as part of a Gulf initiative. A final decision on the rate and timing of VAT`s implementation will be taken by the federal government.
This will mark the country`s exit from a perceived `tax-free` haven to a tax regime. Although the country is yet to formally launch direct tax, its residents have been paying indirect taxes in the form of fees, surcharges, and road tolls, etc. The UAE will be the first country of the Gulf Cooperation Council to introduce the tax on goods and services.
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CzechTrade Dubai
Jiří Zavadil
Dubai World Trade Center
7th Floor - Office No.21
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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
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dubai@czechtrade.cz
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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
