Dubai: In 2018, consumers in UAE are expected to pay a 5 per cent value-added tax when purchasing most goods and services. The six states in the Gulf Cooperation Council (GCC) region have agreed to implement VAT, which will generate $25 billion (Dh91.8 billion) in tax proceeds every year.The new tax policy’s go-live date is only less than a year away, yet many questions still hang in the air. Gulf News collates information from various sources, to answer some of these queries. know more http://gulfnews.com/guides/life/law-finance/vat-in-uae-what-you-need-to-know-1.1992197
