UAE said to implement 5% VAT from 1 Jan 2018

24 February, 2016


The UAE is reportedly set to implement 5 per cent VAT from 1 January 2018, with 150 food items, health and education exempted, a senior official was quoted as saying on Wednesday. Obaid Humaid Al Tayer, Minister of State for Financial Affairs said the Gulf Cooperation Council resolution covering the tax will come into effect in 2018 but countries will have until 1 January 2019 to implement VAT.

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