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Value Added Tax
The value-added tax represents a new source of income for the state, which contributes to ensuring the continuity of providing high-quality government services in the future. This source of income helps the government move towards its vision of reducing dependence on oil and other hydrocarbon products as primary sources of revenue. The value added tax was implemented across the UAE on January 1, 2018, at a rate of 5%. Implementation of value added tax in coordination with the countries of the Gulf Cooperation Council The United Arab Emirates is part of a group of countries closely related to each other through the "economic agreement between the countries of the Cooperation Council" and the "customs union of the countries of the Cooperation Council." The countries of the Gulf Cooperation Council have worked together to design and implement new public policies, and therefore we consider such a cooperative approach to be the best for the region.