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No plans to raise VAT in the UAE for the next 5 years, minister says

The UAE has no plans to raise the rate of value-added tax (VAT) in the near future, according to Minister of State for Financial Affairs Obaid Al Tayer.

“If you’re referring to the next five years, we don’t see anything [about] increasing the VAT rate of the excise tax,” Al Tayer told reporters at the Arab Fiscal Forum, according to Arabian Business.

VAT was introduced at the start of 2018 at 5%.

“I also want to confirm that there aren’t any subsidies or any legislation or any legislation regarding introducing income tax,” he added.

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