350,000 UAE businesses to register for VAT by end of 2017


350,000 UAE businesses to register for VAT by end of 2017



A total of 350,000 businesses in the UAE are expected to register for VAT by the end of the year. 

Companies with an annual turnover of AED 375,000 a year need to register for the indirect tax regime, with online registration opening next month.

Federal Tax Authority Director General Khalid Al Bustani says the revenue collected will help develop key community sectors such as healthcare, education and infrastructure.