Photos: The cost of living in the UAE is expected to rise by 2.5%
Value Added Tax (VAT) in the UAE comes into affect from January 1 and we hope that by now, everyone has a clear idea about what will and will not be taxed.
This is a very useful infographic released by the Federal Tax Authority; (FTA) while supplied goods are taxed at a rate of 5%, (including electricity and water) for the most part; education, healthcare and transport remain tax free.
Here's what you need to know:
This is a very useful infographic released by the Federal Tax Authority; (FTA) while supplied goods are taxed at a rate of 5%, (including electricity and water) for the most part; education, healthcare and transport remain tax free.
Here's what you need to know:
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