VAT not to be implemented in Dubai soon
Staff Report Last updated: December 25, 2007, 00:05
Dubai: The proposed introduction of value-added tax (VAT) in Dubai is at least a year away, Dubai Customs said on Monday.
The emirate's customs department said it launched the second phase of a VAT study last November to implement the tax on time but that does not mean it will be introduced soon.
"Entering the second phase of the VAT project does not mean that the implementation of the tax will be soon, because the process may take a year or more, due to the need to apply it in a professional manner and to meet, or even surpass the international standards," Dubai Customs said in a statement, saying that some sections of the media had speculated about the implementation.
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