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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.
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James McInerney, News EditorTuesday, November 14 - 2006 at 16:57 UAE local time (GMT+4)
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This article was updated on Wed Nov 22 2006.
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