17 December, 2017

Important information regarding VAT

Dear Customer,

From 1st January 2018, Value Added Tax (VAT) will come into effect.

VAT is a transaction tax, chargeable on the goods and services. The standard rate of VAT will be 5% with a few exemptions for financial services. For Dubai First, the supply of services made in return for any explicit charge shall be taxable. This would be in addition to the stated prices.

For further information on VAT, please visit the website of UAE Ministry of Finance.