Abu Dhabi Office
The UAE Federal Tax Authority ("FTA") has announced that the first phase of the Tax Refund for Tourists Scheme (the "Scheme") will start on 18 November, 2018
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, announced a healthy budget boost of 50 billion AED (approx. 13.6B USD) over the next 3 years.
On the 1st of January 2018, the United Arab Emirates implemented a 5% VAT on a majority of goods and services.
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United Arab Emirates