Browsing: Tax

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.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai and Vice President and Prime minister of the UAE, issues Law No. (1) of 2024 introducing a new tax on foreign banks operating in Dubai.