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UAE VAT and Excise Tax Revenues Hit AED 173.6B

Younis Haji Al Khouri, Under-Secretary of the Ministry of Finance (MoF), has announced that the cumulative revenues from Value-Added Tax (VAT) and Excise Tax, across both federal and local levels, have reached AED 173.6B ($47.3B) since their inception until the conclusion of the fiscal year 2023.