VAT is this?!

In the first quarter of 2017, talks about VAT being introduced in the UAE, and other parts of the GCC caused quite a stir among the residents- expats and locals alike- and for good reason. The GCC has been tax free for a very long time, making it one of the most competitive regions in the world to do business. Personal Income tax is also inexistent in this part of the world making it one of the most attractive places for expat workers since they get to have a higher take-home pay at the end of each month.

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