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Pocketmags Digital Magazines
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Pocketmags Digital Magazines

UAE to put VAT on advice – but not life

Details of the VAT system to be introduced for the first time in the UAE reveal that the standard rate of 5% will be levied on fee-based financial advice but not on the sale of life products.

The UAE is on track to implement VAT from 1 January 2018, according to an update from law firm Pinsent Masons.

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