VAT revenues in the UAE will be distributed between the federal and local governments.
It comes after the UAE Cabinet approved the decision on Thursday.
In total, revenues from the taxation total around AED 27 billion.
According to the decision 30 percent of that will go to the federal government while and 70 percent to local governments.
VAT was introduced in the UAE on January 1 2018 with the rate set to five per cent.
Almost 800 Lufthansa flights cancelled as pilots, cabin crew walk out
Hundreds of Lufthansa flights were cancelled on Thursday as pilots and flight attendants went on strike at Germany's largest airline, which has for years struggled to rein in costs at its core brand.
Dubai Holding sells 24% Empower stake to DEWA for AED 5 billion
Dubai Holding has sold its 24 per cent shares in Emirates Central Cooling Systems Corporation (Empower) to Dubai Electricity and Water Authority (DEWA) for AED 5.184 billion, increasing DEWA's shareholding from 56 per cent to 80 per cent.
DXB Airport hits record 95.2 million visitors in 2025
Dubai International (DXB) has welcomed 95.2 million guests in 2025, marking the busiest year in the airport’s history and the highest annual international passenger traffic ever recorded by any airport.
New 'DC Connect' platform streamlines Dubai Chambers services
Dubai Chambers has unveiled DC Connect, a digital platform that brings all the chambers' services together in one easy‑to‑use portal.
Latest With Hit
Akhil Kavalayoor live on Radio Active
Latest With Hit
Watch Dona & Jean as they grove to SakkathaGavle !
Latest With Hit
Ted X speaker, AI trainer Raul John Aju giving us AI lessons.
