UAE to implement VAT in 2018

UAE to implement VAT in 2018

 

It’s all systems go for the implementation of the 5-percent value-added tax (VAT) in the UAE starting January 1, 2018.

Although specific details and implications of this VAT for incentives and conferences are yet to be released, reports say that tourists are not exempted from the tax that will be levied on most goods and services, particularly those categorized as ‘non-essentials’. This classification may include electronics, clothes, perfume, make-up, luxury bags, and other big-ticket items.

 

It remains to be seen whether a mechanism for tourist tax refund will be established, as it is done in other countries.

Working closely with its industry and government partners, Gulf Dunes will ensure that you will be updated on new VAT developments and how it may affect our programmes for the UAE in 2018.

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