The United Arab Emirates are formidable partners. You only have to think that the boot is always among the top three places in Europe (in third place) and internationally (Italy is actually the tenth among the world supplier).
Pursuant to the announcement of February 2016 by His Excellency Mr Obaid Humaid Al Tayer, the Government has reconfirmed that from 1st January 2018 the United Arab Emirates will implement VAT of 5%. This tax will enable the different countries of the Gulf Cooperation Council (GCC) to diversify their revenue in an effort to anticipate a decline in oil production.
Effective from 1 January, 2018, the United Arab Emirates (UAE) will start applying the value-added tax to most goods and services.