Ministry of Finance still working on development of executive regulations on VAT.
Dubai: The UAE’s Ministry of Finance said on Monday it is still working on the preparation and development of the executive regulations regarding Value-Added Tax (VAT).
In a statement, Younis Al Khouri, undersecretary at the Ministry of Finance, said the Ministry has not yet set VAT rates on any of products, services, exports, or materials that will be taxed under the law.
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