UAE VAT on agenda at Federal National Council

The UAE’s Minister of State for Financial Affairs, Obaid Al Tayer, will be questioned on the effect of value-added tax on the economy at the Federal National Council on Tuesday – more than two years after the levy was introduced.

The council's deputy speaker, Hamad Al Rahoomi, will call for answers on whether the 5 per cent tax on goods and services has had a "positive or negative" effect.