Tag: vat in uae

The implementation of value-added tax (VAT) doesn’t seem to trouble UAE’s hospitality and travel sector, as reports suggest the sturdy tourism sector is growing. Within few month of the tax implementation, the number of tourists rose to 4.7 million recording a growth of 2 per cent, while the accommodation rate reached up to 87 per cent indicating a growth by 0.7 per cent. The experts of hospital and travels industry mark the impact of tax as insignificant. The first year of tax introduction is expected to create a revenue of Dh12 billion and may rise up to Dh20 billion in ... Read more