Interview with Al Arabiya (Arabic) on the implementation of VAT in the UAE, 1 Jan 2018

3 January, 2018
read 1 minute

The UAE introduced Value Added Tax (VAT), a broad-based indirect tax levied on the consumption of goods, from January 1, 2018 at a standard rate of 5%. In this interview, Dr. Nasser Saidi touches upon revenue and economic diversification, and VAT’s impact on inflation, businesses. He also compares VAT rates across the globe, while also discussing fines for non-payment of VAT.

The interview (in Arabic), telecast on 1 Jan 2018, can be viewed here.

The UAE VAT rate of 5 percent is among the lowest in the world. In Egypt, it is 14%; in Lebanon it’s 11%. The UAE government is projected to collect AED 12 billion ($3.27 billion) in 2018 from the new tax and AED 20 billion ($5.45 billion) in 2019, rising to 1.5% of gross domestic product over next three years. More comments also appeared on Xinhua.

Read Next

media page

Comments on “Was Lebanon the world’s biggest Ponzi scheme?” in Arab News, Aug 9 2022

Dr. Nasser Saidi’s comments appeared in an Arab News article titled “Was Lebanon the world’s

10 August, 2022

TV and radio

Bloomberg Daybreak Middle East Interview, 22 Jul 2022

Aathira Prasad joined Yousef Gamal El-Din on 22nd of July, 2022 as part of the

25 July, 2022

TV and radio

Interview with Al Arabiya (Arabic) on US inflation, Fed moves & impact on emerging markets, 14 Jul 2022

In this interview with Al Arabiya aired on 14th July 2022, Dr. Nasser Saidi discusses

14 July, 2022