Originally Posted by
Cantbebothered
VAT is implemented in UAE starting from March 2018 and the amount is 5% not 7%.......for now. So start calculating a 5% reduction in salary.
A 5% VAT will increase most prices by about 10% as stores will take the opportunity to increase prices by more than the VAT amount and use 'the cost of administrating the tax' as justification for the extra increase.