UAE Indirect Taxes Contribute AED 10-11 billion Annually to Federal Budget

Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, has disclosed that indirect taxes contribute AED 10-11 billion annually to the federal budget, which totals approximately AED 65 billion. These revenues play a pivotal role in supporting economic growth and strengthening the federal government’s financial standing.

Speaking at the Federal Tax Authority’s second annual strategic partners forum, Al Khoori highlighted the UAE’s robust tax framework, emphasizing its alignment with the nation’s strategic goals of economic diversification and financial sustainability.

The consistent revenue generated from indirect taxes underscores the effectiveness of the UAE’s taxation policies in bolstering public finances and driving long-term economic development. These contributions are integral to achieving the UAE’s vision for a diversified and sustainable economy.

News Source: Emirates News Agency