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.
Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
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ADNOC's XRG advances global gas strategy with Venezuela entry
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Iger, Kushner purchasing Lakers for record $12.5 billion
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
Chair of India's Tata to step down after tension with controlling charity
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Emirates offers flyers to Dubai unlimited free date changes
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What are the rules and laws in the UAE regarding car modifications that every car owner should know?
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What inspired them to choose running as their form of exercise despite their busy work schedules as OFWs?
