PPRuNe Forums - View Single Post - 5% VAT in UAE from Jan 2018
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Old 3rd Jun 2017, 18:20
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outboundjetsetter
 
Join Date: Apr 2001
Location: out bush
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the government doesn't want you here after age 60.... its simply run up a big deficit since banking on oil revenues based on an avg of 100 dollars per barrel... the good old days where based upto 160 per barrel but now the price is way under 50.. the big problem is the bond prices..and us based etf's basically the government will soon be broke as they have one main resource to produce a plastic city (oil) and are not upto critical mass, so in the mean time you will pay for it via...salik vat parking fees/fines/ dreamt up reasons including cutting an a4 page in half for a birth cerfifircate.. making you ( expats only) renew your drivers and pilots licenses more often.( and eida etc etc etc ..... etc writing is on the wall hope all potential expats read between the lines 'CAREFULLY' gross salary may look great but by the time u envision remittence tax etc etc.. you are basically stuffed!
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