Study: UAE remains the best in confidence in investments and no effects of “additive”

Media In – Dubai 4 February 2018 WAM

A recent study showed that the UAE has the lowest global and regional value added tax, compared to countries including Britain, Switzerland, Germany, Mexico, South Africa and Australia, and is the least Arab country among the countries that apply value added tax as well.
The study, conducted by the Alliance Network of Business Centers, compared the UAE and several countries around the world, revealing that Britain and France apply VAT of 20%, Germany 19%, China 17%, Mexico 16%, South Africa 14% 10% and Switzerland 8% making the UAE one of the least tax-free countries in the world.
The study confirmed that the UAE and the countries of the region remain the best in trust in investments and the availability of comparative advantages that contribute to business growth, especially in terms of infrastructure, transparency and non-taxation of income, as well as legislation regulating the investment.