UAE residents could get hit by Taxes within a year – Value Added Taxes in Dubai and UAE
1 Comment Published by Dubai Expat November 26th, 2007 in Living, News, People, Work.A recent report from Gulf News that expats and residents of Dubai and the United Arabi Emirates (UAE) in general may get hit by the imposition of VAT within a year. The government is currently evaluating various options and may form a seperate federal body to oversee collection of Value Added Taxes in the UAE or the customs department may collect the taxes upon entry of goods.
Research is currently in its advanced stages into models for VAT that might hit UAE residents within a year, according to a government official interviewed by daily newspaper Gulf News. “We are currently carrying out various studies on the implementation of VAT in a year’s time,” Abdul Rahman Al Saleh, executive director for Corporate Affairs at Dubai Customs, told the paper.
Al Saleh hinted that VAT would not be imposed on all goods and services. Small companies will be exempt, he said. That suggests that large supermarkets such as Spinneys and Carrefour would have to impose VAT on goods while corner grocery stores would slip through the net. As reported on ArabianBusiness
Related posts:
- UAE Hurricane Hoax – Hurricane coming from the Indian Ocean hit the island within the Arabic Tuesday evening Please be warned! There is a hoax / false email...
- Dubai New Year Celebrations Cancelled Sheikh Mohammed has ordered the cancellation of all New Year...
- Top 20 Websites in the UAE – Popular, best sites in Dubai, Abu Dhabi and United Arab Emirates (Middle East) TIME Magaznie recently released an article, titled “25 Sites We...
- Expats do not trust financial advisors – Expatriate Finance Dubai and UAE According to a recent study by Zurich International Life, over...
- Westin Dubai ATM party draws over 2,000 – Bash declared ‘hottest’ party of the year in Dubai Westin ATM party draws over 2,000: Pre-ATM bash declared ‘hottest’...


Hello!
I think this try.