- UAE has collected over $47bn in VAT and Excise Tax since implementation
- VAT revenues at state level reached $43.4bn, federal government collected $13bn
- Excise Tax collections at state level totalled $3.8bn, federal government collected $1.4bn
- Anticipated surplus for fiscal year 2024 is approximately $463m
- Federal budget cycle for 2024-2026 projected to be around $52.3bn
Source: arabianbusiness.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.
