SPEAK OUT

Tourists in UAE will be getting a refund at the airport. This means that more and more of them will come and continue to shop like they used to. Sharma, Naveen Chairman of Institute of Chartered Accountants of India-Dubai Chapter

Many living in the UAE are from countries where the tax is often into the 20-35 per cent bracket. At 5 per cent, this is the lowest setting that has been decided by the govt Radhika Verma, Lead VAT advisor, LnCo Tax Advisors

For the first time, thanks to this tax, the UAE government will know how many companies have what size of turnover. There is going to be a greater transparency Hemant Mundhra, Director, Slant Agency