Food items, Water and Electricity to be taxed in Dubai

VAT Dubai - Food items, Water and Electricity to be taxed in Dubai
All types of food items in the UAE, including staples such as bread and rice, will be taxed under the VAT scheme from January 1, 2018, the Federal Tax Authority (FTA), reported by Guld News.

Earlier, it was assumed that staple food items will be exempted from the 5 per cent tax increase.

Initially, an official from the FTA said, there was a list that was agreed on between the GCC member states, with each country choosing whether to zero-rate each item or not.

In another news, it was reported that both water and electricity will imposed the 5 per cent VAT from January 1, 2018.


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