Page 65 - Ministry of Economy - December2017

12/26/2017 Dubai retailers fined for adding VAT to prices ahead of roll-out - The National
awareness at the Department of Economic
Development.

Inspectors visited sale points, shopping centres and
grocery stores across Dubai.

Mr Al Zaabi warned retailers against exploiting the 5

per cent tax and warned that those in breach of tax
regulations will be hit with hefty fines.

The ministry of finance has said fines will range from
Dh500 to Dh15 000.

“We received complaints from customers about shops

increasing the prices of products and we investigated
the matter," he said. Adding that despite consumer
complaints about six particular shops, they were found

to be compliant and were not fined after being
inspected.

“Protecting consumers from exploitation is our priority.
We urge community members to report any illegal or

exploitation activities by retailers, especially if sellers
are increasing the prices of products or including VAT
on bills before its implementation date,” said Mr Al

Zaabi.

Al Zaabi said that exploitation is considered a clear

violation and must be controlled to protect consumers’
rights.

“An extensive inspection campaign is being conducted

... and we have replied to consumers’ questions and
concerns regarding VAT,” said Mr Al Zaabi.

“Also, we welcome retailers who have any queries and

we encourage them to contact us. Meetings were held
among retailers, owners of shops and markets and we

explained to them the newly introduced tax. Some
retailers said they will reduce their prices after

implementing VAT to help customers adjust their
situations accordingly,” said Mr Al Zaabi.

https://www.thenational.ae/uae/dubai-retailers-fined-for-adding-vat-to-prices-ahead-of-roll-out-1.690511 2/3