Category: UAE

UAE Faces Challenges for VAT Launch in 2018

Earlier this year it was confirmed that value-added tax (VAT) is set to be introduced in the UAE on January 1st 2018. The introduction of VAT will have widespread effects throughout the UAE, none more so than the retail industry. KPMG’s tax chief in the UAE said the retail sector will be particularly impacted by […]

VAT to be introduced in the UAE during 2018

A senior official at the UAE’s Ministry of Finance has confirmed that Value-Added Tax (VAT) will be introduced across the UAE and the GCC in 2018. Younis Haji Al Khoori, Undersecretary at the Ministry of Finance (MoF), said that the GCC countries have agreed to unify their tax policies before the introduction of the VAT. […]