��Ƶ

Pakistan" data-color="d85229">Pakistan navy chief calls for enhancing drone capabilities for maritime security
World" data-color="d85229">Russia seizes $150 mn cocaine haul hidden in banana shipment
Business & Economy" data-color="d85229">Saudi PIF-backed Diriyah project awards $1.53bn arena contract to China Harbor
Media" data-color="d85229">Houthi-linked arms traders using X, WhatsApp to sell weapons: Report
Middle-East" data-color="d85229">Trump to meet Qatar’s PM as push for Gaza ceasefire deal continues
Pakistan" data-color="d85229">Pakistan’s quiet solar rush puts pressure on national grid
Pakistan" data-color="d85229">Two constables shot dead in northwestern Pakistan amid surge in militant attacks
Sport" data-color="d85229">Liverpool eye blockbuster bid for Newcastle’s Isak: reports
Middle-East" data-color="d85229">Istanbul mayor hit with new jail term for insulting prosecutor, media say
Sport" data-color="d85229">SFA President Prince Khaled bin Alwaleed ‘sees promise’ in new community partnership with Asics

UAE not planning VAT hike: finance minister

UAE has a current VAT of 5 percent. (File/AFP)

Short Url

https://arab.news/jc6zz

Updated 11 May 2020

Arab News

May 11, 2020 08:53

UAE not planning VAT hike: finance minister

��Ƶ on Monday said it would raise VAT to 15 percent from 5 percent from July 1

Updated 11 May 2020

Arab News

May 11, 2020 08:53

DUBAI: The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after ��Ƶ said it would triple its rate.
��Ƶ on Monday said it would raise VAT to 15 percent from 5 percent from July 1, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by the new coronavirus.