Page 58 - Ministry of Economy - December2017

12/27/2017 UAE- Ajman warns traders against misusing VAT | MENAFN.COM

UAE- Ajman warns traders against

misusing VAT

Date Tweet on Twitter
12/26/2017 1:32:12 PM

(MENAFN - Khaleej Times) The Ajman Municipality and the department of economic
development have warned commercial outlets operating in the emirate against hiking prices of

goods before the implementation of the value-added tax (VAT).

Officials of both the departments confirmed that inspections will be conducted on shops to

ensure that prices of goods are not increased and violators will be fined.

Awareness campaigns will be organised for traders on the importance of commitment to the
regulation related to increasing prices of products that are not subject to value-added tax. The
municipality said it had warned traders against exploiting the order to take profit at the expense

of consumers.

Said Ali Issa Al Nuaimi, director-general of the department of economic development, said that
the department started organising special inspection campaigns, especially on retail shops in

cooperation with the consumer protection section.

He stressed that campaign will be intensified over the coming days in all outlets and markets.
The department is currently working on conducting awareness campaigns for owners of shops
and shopping centres about VAT. "There are goods not included in the VAT and its prices are not

supposed to be increased. The inspectors will confirm the retail sales prices from the suppliers
and will check their purchase invoices to ensure this."

An official at the municipality said that inspectors from the civic body are deployed in the local

market to make sure that food outlets, importers and manufacturers are not exploiting the VAT
decision.

He added that trade outlets have been instructed to display prices of items as approved by the

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