- UAE indirect taxes yield up to $3 billion annually
- Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, highlighted the importance of tax revenues in supporting economic growth and strengthening the federal government’s financial stability
- Indirect taxes contribute between AED 10 and 11 billion to the federal budget annually, which is around AED 65 billion in total
- Al Khoori spoke at the Federal Tax Authority’s second annual strategic partners forum, emphasizing the effectiveness of the UAE’s tax system in achieving economic diversification and financial sustainability
Source: zawya.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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