HOW WILL THE IMPLEMENTATION OF VAT IN DUBAI AFFECT YOU…

It’s no surprise that the residents of Dubai have enjoyed decades of Tax-free living and it’s been one of the biggest boons of being in Dubai for each one of us.

As we all know, starting next year from the 1st of January 2018; There will be an implementation of VAT – Value added tax on certain goods and will be set at a minimum of five percent on products purchased by the final customer.

Although, the Government has exempted 94 food products, as well as necessities like school fees, medical bills from being taxed. Other products like tobacco, sugary drinks & junk food will be seeing a 100% hike in the prices due to VAT, which is not entirely a bad thing.

As per the experts, the implementation of Value Added Tax is to deliver on long-standing plans for economic diversification away from oil, while still being able to deliver social and economic programs for the UAE.

As per Sultan Al Mansouri, minister of economy – Tax implementation in the UAE is expected to yield Dhs12 billion in the first year and up to Dhs20 billion during the second, which will add on to the income of the UAE government and improve the standard of Public services provided to the people living in the UAE.

Unfortunately, one of the downsides of VAT is that the cost of living may go up a tad bit. Although, studies and surveys in multiple countries have shown that there was no acceleration in the rate of price rises attributable to VAT.

On the brighter note, many restaurants, nightlife spots, and Hotels will have promotions and deals to make up for the raised prices. Experts say that the restaurants might even come up with a day with tax-free meals to retain their customer base.

And while the prices are set to rise in the coming year, the city has some great deals going on right now, which is ought to make you feel better without leaving a big dent in your pockets.

Sunset at The Dek
Enjoy the 2 for 1 Happy Hours at Dek on 8 from Sunday to Thursday from 5 to 9 pm. Deal includes AED 25 for bottle beers, basic spirits & house wine)

All Week Pool Fun at The Dek on 8

Spend AED 75 and get an all-day access to the pool along with vouchers worth AED75, which can be redeemable for food and beverages. The deal will be available all 7 days of the week.

Longest Happy Hours  

Enjoy the mesmerizing sunset from the 35th floor of Hilton at the Pure Sky Lounge Dubai this summer. The drinks will include a line-up of signature cocktails and many popular favorites for just AED35, from 7:00 pm all the way to midnight.

Live @ 5 at Dubai Design District

Enjoy discounts, deals and offers at different outlets around D3 all summer long!

Find out more about the deals here: http://www.dubaiday.com/blog/avail-incredible-discounts-dubai-summer

Mussels Monday at Chez Charles

Head to Chez Charles every Monday for lunch and dinner and enjoy all you can eat Mussels and Fries for AED165, along with unlimited Rosé for AED275

Limitless Thursdays at Tribeca Dubai

The weekend calls for no limits. Enjoy bottomless drinks and all you can eat deals every Thursday at Tribeca Dubai for just AED249 from 8:00 pm to 12:00 am.

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