VAT in Dubai

Old Mar 12th 2017, 2:05 pm
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Default VAT in Dubai

I imagine most have seen this, pretty self explanatory

VAT in UAE: What you need to know | GulfNews.com


Wonder what kind of cock ups are going to happen though, fisticuffs at the checkout in Choitrams!!
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Old Mar 12th 2017, 3:33 pm
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Default Re: VAT in Dubai

If you think the streets / malls are deserted now, wait till this comes along!
If they wont allow VAT to be reimbursed on exit from the country then they are making a yuge mistake......YUGE!
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Old Mar 12th 2017, 4:07 pm
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Default Re: VAT in Dubai

In four annual hops, the VAT rate will go from 0% to 20%.

You will technically be able to reclaim VAT if you are a tourist, but bureaucracy will be introduced making this unviable.
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Old Mar 13th 2017, 5:32 am
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Default Re: VAT in Dubai

Tourists can reclaim VAT in the UK but very few bother to do so. And tourists are still shopping the heck out of London.

It will hit the Dubai retail sector but it's too difficult to accurately estimate the degree of the impact.
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Old Mar 13th 2017, 7:52 am
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Default Re: VAT in Dubai

Dubai is already overpriced before VAT is added
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Old Mar 13th 2017, 10:07 am
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Default Re: VAT in Dubai

this is going to be a minefield!!
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Old Mar 13th 2017, 10:35 am
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Default Re: VAT in Dubai

Originally Posted by mission View Post
this is going to be a minefield!!
6 years ago, when I was in UAE, an announcement was made that VAT would be introduced. I was told then not to worry, coz they'd made several such announcement in the preceding 6-8 years. Deja vu...
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Old Mar 13th 2017, 11:18 am
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Default Re: VAT in Dubai

Originally Posted by Bahtatboy View Post
6 years ago, when I was in UAE, an announcement was made that VAT would be introduced. I was told then not to worry, coz they'd made several such announcement in the preceding 6-8 years. Deja vu...
Nothing like as specific and high profile as this announcement though which names the date and is also a GCC-wide project (though that tends to the less likely to ever get their shit together end of the scale in fairness...).

PWC et al are already seriously trawling for business to advise companies on how to cope.
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Old Mar 13th 2017, 12:54 pm
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Default Re: VAT in Dubai

Originally Posted by Bahtatboy View Post
6 years ago, when I was in UAE, an announcement was made that VAT would be introduced. I was told then not to worry, coz they'd made several such announcement in the preceding 6-8 years. Deja vu...
6 years ago Brent crude was trading at over $100 per barrel
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Old Mar 13th 2017, 4:20 pm
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Default Re: VAT in Dubai

I can see the whites in their eyes now, the mascarra has started to run a bit, there are cracks in the makeup
nah, this time its definitely coming
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Old Mar 14th 2017, 2:02 am
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Default Re: VAT in Dubai

Isn't tax Haram per Islam?
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Old Mar 14th 2017, 5:15 am
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Default Re: VAT in Dubai

Originally Posted by DXBtoDOH View Post
Tourists can reclaim VAT in the UK but very few bother to do so. And tourists are still shopping the heck out of London.

It will hit the Dubai retail sector but it's too difficult to accurately estimate the degree of the impact.
I do if I buy something 'big'.

The queue is always pretty large at Heathrow.
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Old Mar 14th 2017, 8:59 am
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Default Re: VAT in Dubai

Originally Posted by Scamp View Post
I do if I buy something 'big'.

The queue is always pretty large at Heathrow.
Has anybody tried the service being advertised on the radio by Al Rostamani Exchange (I think)? Apparently this enables you to reclaim the UK VAT after returning to the UAE, presumably with some hefty deduction of fees.
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Old Mar 14th 2017, 10:13 am
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Default Re: VAT in Dubai

Originally Posted by Miss Ann Thrope View Post
Has anybody tried the service being advertised on the radio by Al Rostamani Exchange (I think)? Apparently this enables you to reclaim the UK VAT after returning to the UAE, presumably with some hefty deduction of fees.
Nope, never heard of it.

Like I say, it's big things only (like my golf clubs). Can't be bothered with a collection of smaller ticket receipts when the admin fees take so much anyway.
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Old Mar 14th 2017, 11:55 am
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Default Re: VAT in Dubai

Originally Posted by Boomhauer View Post
Isn't tax Haram per Islam?
So are booze and 'massage' parlors
And your point is?
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