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dragonpiwo
Joined: 04 Mar 2013
Posts: 1650
Location: Berlin
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 Posted: Thu Sep 28, 2017 8:30 am Post subject: VAT coming to the UAE |
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We're all looking forward to VAT come October.
It's coming. |
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nomad soul
Joined: 31 Jan 2010
Posts: 11454
Location: The real world
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| Posted: Thu Sep 28, 2017 2:19 pm Post subject: |
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From The National article, Tax in the UAE: Everything you need to know about VAT and a little bit more:
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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: 1650
Location: Berlin
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| Posted: Fri Sep 29, 2017 7:52 am Post subject: erm |
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| Smokes 100%, Red Bull drinks 100%, some drinks 5%. Beer? dunno |
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