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Foreign Exchange

Foreign Exchange latest

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)
April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

Charges levied by exchange houses on remittances from the UAE may fall under the purview of the imminent value-added tax (VAT).
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