From January 1, 2018, the UAE will become one of nearly 150 countries to implement value added tax (VAT). Here is a round-up of the six most important stories about the new laws.
VAT confirmed across GCC in 2018: How to prepare
Economists and officials in some GCC countries have said privately that simultaneous introduction in all countries may not be feasible. We look at challenges and opportunities. Read more here
Implementation of VAT in UAE: 10 things you need to know
The introduction of a value-added tax system in the GCC will not only affect consumers, but will have a broader impact on business in general. Read more here
Three unexpected ways VAT will change your life
While the most common effects of VAT have already been explained, here are three unexpected areas that VAT will impact your life. Read more here
VAT: 7 challenges GCC companies will face
Experts say the new tax could create operational risks for companies, so they need to chalk out a clear roadmap to ensure timely and smooth implementation. Read more here
How will VAT affect the UAE healthcare sector?
As the nation makes strides towards establishing itself as a worldwide leader in healthcare, we examine how the upcoming VAT will affect the sector and residents. Read more here
VAT to positively impact UAE economy: official
A survey by the CFA Society Emirates revealed that 82 per cent of the respondents said the introduction of VAT will lead to higher inflation rates in the UAE. Read more here
Editor’s note: AMEinfo will continue to explore VAT and its impact on citizens and businesses. Watch this space for more updates.