In the presence of H.E. Jaber Mohammed Ghanem Al Suwaidi, General Director of the Crown Prince Court of Abu Dhabi, and with strong participation from entities concerned with the implementation of the tax system, the Federal Tax Authority (FTA) Director General His Excellency Khalid Ali Al Bustani delivered a comprehensive presentation on “The Implementation of Indirect Tax in the UAE ” at Majlis Al Bateen in Abu Dhabi.
In his presentation, he said that the Authority is intensifying its efforts to strengthen direct communication with business sectors across the country through workshops and awareness seminars, as well as through media, economic councils and meetings in the commercial and industrial zones, which are aimed at enhancing tax awareness and interacting with all taxable persons.
H.E. Al Bustani presented a detailed explanation of the taxes applied in the UAE, including 5% VAT for all sectors, with the exception of those exempt as per UAE tax laws, in addition to 100% Excise Tax for tobacco products and energy drinks, and 50% for carbonated drinks.
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Reference: https://www.tax.gov.ae/23-October-Holds-Meeting-on-%E2%80%98Implementation-of-Indirect-Taxes.aspx