Significant increase in amount of people in UAE ready for VAT


Significant increase in amount of people in UAE ready for VAT



There’s been a significant increase in the amount of people saying they’re ready for the introduction of Value Added Tax (VAT) in January 2018.

A new report by Deloitte says nearly 60% of GCC businesses feel very well informed compared to the 69% of companies they polled in April who admitted they weren’t ready for VAT.

The survey suggests the increase is likely to be the result of efforts by the UAE government to communicate with taxpayers over the last few months.

Haroon Juma, Managing Director of Tax Worx UAE, says he feels it’s one particular part of the market that’s less prepared. 


Listen