Dubai Family Businesses Ask for VAT Cut, Faster State Payments

  • Date: 12-May-2020
  • Source: Bloomberg
  • Sector:Economy
  • Country:UAE
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Dubai Family Businesses Ask for VAT Cut, Faster State Payments

Family-owned firms made 14 requests in meeting with government. Dubai companies are struggling to survive amid virus shutdown. Family-owned businesses in Dubai have asked the government to adopt several measures to help companies struggling to weather the current crisis, including reducing value added tax and speeding up payments.. Help subsidize some salaries of employees in companies hard-hit by the shutdown..