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VAT coming to the UAE

 
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dragonpiwo



Joined: 04 Mar 2013
Posts: 1609
Location: Berlin

PostPosted: Thu Sep 28, 2017 8:30 am    Post subject: VAT coming to the UAE Reply with quote

We're all looking forward to VAT come October.

It's coming.
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nomad soul



Joined: 31 Jan 2010
Posts: 11384
Location: The real world

PostPosted: Thu Sep 28, 2017 2:19 pm    Post subject: Reply with quote

From The National article, Tax in the UAE: Everything you need to know about VAT and a little bit more:

Quote:
When will it come into effect?
VAT: January 1, 2018, in the UAE. Businesses can register for VAT three months before the launch date (October 1, 2017).

What will be taxed?
Non-essential consumer items. Namely, anything other than basic food and essential commodities, such as medicines or hospital and school bills.

Who will be taxed?
Consumers: If you're buying any non-essential commodity, you're going to pay more - but at 5 per cent, you might not notice it so much. However, if you're a regular customer of sugary drinks, soft drinks, or tobacco, you'll inevitably feel the pinch - with these being subject to the highest price hikes.
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dragonpiwo



Joined: 04 Mar 2013
Posts: 1609
Location: Berlin

PostPosted: Fri Sep 29, 2017 7:52 am    Post subject: erm Reply with quote

Smokes 100%, Red Bull drinks 100%, some drinks 5%. Beer? dunno
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