Dubai Customs is well advanced with its studies into the introduction of Value Added Tax (VAT) in the UAE.
Dubai Customs Executive Director Mr. Abdul Rahman Al Saleh told a seminar at the Arabian Travel Market in Dubai today that his Department has been commissioned to study the VAT project and has been working over the past two years to develop a VAT system that could be applied across the Emirates and expects to have the infrastructure in place by the final quarter of 2008 for implementation.
A team of specialized UAE nationals have been driving the project in consultation with international experts.
However, he stressed that the decision about when exactly VAT should be introduced in the UAE was one to be made by higher authorities.
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