UAE construction sector to be insulated from impact of new VAT regime by Expo 2020

The imposition of a 5% value added tax (VAT) in the United Arab Emirates (UAE) in 2018 will not dent steel demand from the construction sector, market participants told Metal Bulletin this week.

They added that they expect construction activity to be supported by activity surrounding the Dubai Expo 2020. 

The 5% VAT will come into effect in the...

Published

Serife Durmus

November 30, 2017

12:02 GMT

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