An assessment of the potential VAT revenue collection for the United Arab Emirates

Date
2017
Authors
Gurrib, Ikhlaas
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge
Abstract
This study analyses the effect of a 5% VAT in the UAE for the period 2018–2022. The methodology includes collection efficiency, standard tax rate and the final consumption expenditure (FCE). Various scenarios are analysed, including a constant 5% VAT for 2018–2022; increasing it by 2.39% yearly; increasing it to reach the maximum 2014 country tax rate of 27%; or increasing it to reach an average tax rate of 19.1%. The collection efficiency values of 0.4–0.7 result in a 2018–22 tax revenue to GDP range of between 1.75 and 7.84%. © 2017 Informa UK Limited, trading as Taylor & Francis Group.
Description
This article is not available at CUD collection. The version of scholarly record of this Article is published in Macroeconomics and Finance in Emerging Market Economies (2017), available online at: https://doi.org/10.1080/17520843.2017.1321028.
Keywords
Collection efficiency, Final consumption expenditure, UAE, VAT
Citation
Gurrib, I. (2017). An assessment of the potential VAT revenue collection for the United Arab Emirates. Macroeconomics and Finance in Emerging Market Economies, 10(3), 306–321. https://doi.org/10.1080/17520843.2017.1321028