Write a report on the implementation of VAT in United Arab Emirates.
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Value Added Tax has been implemented from the beginning of 2018. The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. ... VAT is expected to be introduced at a rate of 5% with some limited exceptions including basic food items, healthcare and education.The UAE are planning to implement on 1 January 2018 - other GCC countries may do so at the same time or by 1 January 2019 at the latest.
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