Why is the UAE implementing VAT?

Forum -Question and AnswerCategory: UAEWhy is the UAE implementing VAT?
Sathya asked 12 months ago
1 Answers
imc Staff answered 12 months ago

The basic purpose of imposing tax in UAE is to collect the revenue for the budget of the government; in return it provides many services to the citizens such as hospitals, roads, schools, parks, waste control, police and other security services. VAT will provide UAE an additional source of income to maintain the quality of these public services in future also. Also, it will reduce the dependence of the government on the oil and tourism sector.