26 October 2016Last updated

Features | Reportage

Personal tax in UAE can't be ruled out: finance experts

80 per cent of investment professionals say they would consider leaving the country if income tax is implemented

13 Jun 2016 | 01:29 pm
  • Source:Supplied

With the implementation of value-added tax (VAT) drawing closer, talk of other forms of taxation has again resurfaced.

There have been discussions that VAT is just the first part in what is seen to be a wider strategy of collecting more fees in order to diversify revenues streams.

FA Society Emirates, an association of local investment professionals, have questioned its 68 members on how they feel about income tax.

Almost all of them (80 per cent) said they would consider leaving the country if a levy is placed on dirhams earned by workers.

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