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UAE VAT Revenues Surpass AED 147 Billion, Says Ministry of Finance

  • UAE Ministry of Finance announces that VAT revenues have surpassed AED 147 billion since implementation
  • Undersecretary of the UAE MoF reveals the total revenue generated from VAT in the UAE from 2018 to H1 2023
  • VAT implementation in the UAE began in 2018 and has been successful in generating significant revenue

Source: assets.kpmg.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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