Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 7 hours, 59 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Committee of Consumer Protection reviews VAT impact
January 28, 2018
 Print    Send to Friend

DUBAI: The Higher Committee of Consumer Protection is ensuring continued coordination between all state departments concerned with the Value-Added Tax to corroborate consumers’ confidence in the market stability and sound application of the tax and prevent any unjustifiable price hikes, Sultan Bin Saeed Al Mansouri, Minister of Economy, has affirmed.

The minister’s remarks came at a meeting of the Higher Committee of Consumer Protection at the Ministry of Economy in Dubai recently.

“The committee received growing calls from the consumers during the first days of the VAT application. People had some concerns, but their worries have ebbed with the passage of time and by the end of the first fortnight of the application, the calls received by the committee declined from 3261 on the first day of the application to 493 on January 15,” said the minister at the meeting.

Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), who attended the meeting, said the complaints received by the committee address three main issues: price hikes, tax registration numbers and erroneous calculation of VAT on some commodities.

“Traders and departments against whom the complaints were filed have been notified and were given a grace period to rectify their strategies as per the tax rules and condition,” Al Bustani added. “The committee is in constant follow-up of the market to prevent any violations and in case of any non-abidance, all legal measures have been taken against the violators,” Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary for Economic Affairs in the Ministry of Economy, who attended the meeting, said.WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
FTA sets rules for VAT refund
ABU DHABI: The Federal Tax Authority (FTA) has set three requirements and procedures for UAE nationals to refund Value Added Tax (VAT) incurred on the new residences. ..
Tally Solutions helps 20,000 to register for VAT
DUBAI: The UAE has successfully completed its first quarter of VAT implementation with 275,000 businesses registering for VAT. The numbers tell a story of success and sho..
FTA starts roadshow to facilitate VAT registration
ABU DHABI: The Federal Tax Authority (FTA) has launched a roadshow to communicate directly with businesses subject to Value Added Tax (VAT) that haven’t registered yet, u..
ICAI UAE Dubai Chapter initiates special VAT clinics
DUBAI: With people still in doubt about the returns and reporting process following VAT, ICAI UAE Dubai Chapter has initiated special VAT clinics that are meetings that t..
Sage supports businesses in UAE in implementing tax system
DUBAI: Sage, the market and technology leader for cloud accounting and payroll systems, announced that all five of its value-added tax-(VAT) compliant products have been ..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright