section_path: Economy/VAT
section_name: VAT
paragraph_text: VAT
  
  The UAE government implemented value-added tax (VAT) in the country from January 1, 2018, at a standard rate of 5%. While the government may still adjust the exact arrangement of the VAT, it is not likely that any new taxes will be introduced in the foreseeable future. Additional taxes would destroy one of the UAE's main enticements for businesses to operate in the country and put a heavy burden on the economy.