Dubai, United Arab Emirates

UAE to implement VAT on 1 January 2018

By Jose Gomez, independent tour guide in United Arab Emirates

The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer was speaking in Dubai on 24 February after a joint press conference with Christine Lagarde, Managing Director of the International Monetary Fund (IMF).

VAT is expected to be introduced at a rate of 5% with some limited exceptions including basic food items, healthcare and education. The UAE are planning to implement on 1 January 2018 – other GCC countries may do so at the same time or by 1 January 2019 at the latest.
 


 

About Jose Gomez, independent tour guide in United Arab Emirates
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