Article length: 108 words

UAE: VAT take exceeds expectations

In a positive economic development for the government, value added tax (VAT) takings have been stronger than expected. In a report that declared the UAE’s experience of VAT since January 2018 “credit positive”, ratings agency Moody’s Investors Service commented: “With non-oil sector growth still subdued, the strong VAT out-turn was largely attributable to higher than expected compliance with the new law.”

Go to full article

Credit value: 1

African Energy Gulf States Newsletter