VAT study to go ahead

United Arab Emirates: Tuesday, November 14 - 2006 at 16:57

The UAE will conduct a study on behalf of the GCC to examine the political and economic effects of a value added tax, according to the Ministry of Finance and Industry. A preliminary study by Dubai Customs and the IMF concluded that introduction of VAT is inevitable if GCC states are to keep up current levels of economic welfare.

James McInerney James McInerney, News Editor
Tuesday, November 14 - 2006 at 16:57 UAE local time (GMT+4)

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This Article was updated on Wednesday, November 22 - 2006


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