07 Jun 2016
(MENAFN) Value added tax from 2018 is predicted to generate an increase in price levels in the UAE.
Moreover, the country is ready to become the first one to introduce VAT by 2018, 82 percent of the respondents predict that this will lead to higher inflation rates.
However, 80 percent said that they would consider moving abroad if an income tax will be introduced.
The UAE will generate almost USD 2.72bn to USD 3.26bn as a result of introducing VAT in the first year of its application.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more