5% VAT to be imposed on prepaid and postpaid bills
- Etisalat announced that all postpaid customers will be charged 5% VAT on their monthly bill
- Prepaid customers will pay VAT on the actual usage of credit instead of overall recharge card value
- Etisalat has communicated information on all its platforms and answered queries regarding the implementations of VAT
- Etisalat is taking a major step towards a great future, by increasing awareness and provide clarity on the introduction of VAT
- Etisalat is one of the two national telecommunications operators in UAE, and the 14th largest mobile network operator in the world
- Etisalat is the largest carrier of international voice traffic in the Middle East and Africa and the 12th largest voice carrier in the world
- The UAE will impose 5% VAT from 07:00 AM on 1st January 2018
- VAT will be implemented across all GCC countries by 1st January 2019
- The impact of the introduction of VAT on annual inflation in UAE is expected to be only a fraction of the rate of 5%, according to the International Monetary Fund
