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12/25/2017 Fine of Dh100,000 on retailers using VAT to raise product prices - Khaleej Times
HOME > BUSINESS > VAT IN UAE
Fine of Dh100,000 on retailers using VAT to raise
product prices
Staff Reporter
Filed on December 4, 2017
(alamy.com)
Retailers have been warned about heavy penalty for misuse of VAT
A fine of Dh100,000 would be imposed on suppliers and retailers who raise prices of products more than the
stipulated VAT (Value Added Tax).
According to Al Bayan newspaper, the Ministry of Economy stressed that it will slap a huge penalty on those
who try to make an extra buck on the pretext of VAT.
https://www.khaleejtimes.com/business/vat-in-uae/fine-of-dh100000-on-retailers-using-vat-to-raise-product-prices 1/2
