VAT was introduced 01-01-2018 in the UAE.
My experience so far? I have received calls from clients that need more help with the implementation, which I understand. I refer them to David Daly a VAT expert.
There were 2 incidents where I saw that shops increased their prices with 13% instead of the 5% (VAT is 5%). After pointing this out to the owners, they came up with some excuses. It is not correct to make an extra 8% profit on me. Hopefully they will adjust this soon. Many other companies are doing a great job and trying their best to be fair and correct in implementing VAT, without causing any harm.
Posted on Tue, January 9, 2018
by Simon Snelder filed under