Day: April 13, 2017

VAT to be implemented in the UAE – Understanding its Impact on the New and Used Car Market

VAT to be implemented in the UAE: Understanding its Impact on the New and Used Car Market

Five percent Value Added Tax (VAT) will be implemented in the UAE from January 2018, a news that has received mixed reactions from stakeholders all over the UAE. It is expected to create an immediate rush for car buyers to buy a new or used car before the prices see a hike as a result …

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