" /> " /> " />

UAE VAT 'would simplify business'

26 July 2010

PricewaterhouseCoopers (PwC) has said that the introduction of value-added tax (VAT) in the UAE could simplify business for companies in the country by replacing the thousands of different charges and levies currently imposed, The National has reported. "A consolidation of the charges and levies would make life simpler for the business community and the community at large," Dean Rolfe, a tax partner for the Middle East at PwC said. "If you think about how much money it must cost the various government departments to collect the different charges, a consolidation of the process would also make life easier for the government."

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications