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Tax is coming to the UAE!

Petrol in the UAE has just gone up, and now the International Monetary Fund have advised the UAE to add VAT.

The plan is to add value-added tax to almost all of the everyday things we buy - and nothing has been announced, we should expect some taxing laws to be implemented as of October.

Rumours of a standard 5% VAT have been flying around while 15% tax on cars when sold or bought could also be a possibility.

The idea is to reduce the likelihood of taxing through their salaries which means the more money you earn, the more money you pay.

Instead - it means the more money you spend, the more tax you will pay.