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Article: VAT likely to be implemented in UAE in early 2009
- Article from:
- The Hindustan Times
- Article date:
- May 7, 2008
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Report from Indo-Asian News Service brought to you by HT Syndication.
Dubai, May 7 -- The United Arab Emirates (UAE) is likely to introduce a value added tax (VAT) system by early 2009, according to a senior official of Dubai Customs.
"Having spent two years studying VAT around the world to ensure that what is proposed for the UAE and the GCC (Gulf Cooperation Council) is best practice, we are now in phase two, which is looking at how to successfully implement VAT," reports quoted Dubai Customs executive director Abdul Rahman Al Saleh as saying in a seminar during the Arabian Travel Market tourism event here.
Dubai Customs was commissioned to study and develop the VAT system, which would ...