Businesses must display prices inclusive of VAT

The UAE’s Federal Tax Authority (FTA) said all businesses subject to Value-Added Tax (VAT) and excise tax must display prices of their goods and services inclusive of tax in order to avoid penalties.

The Authority in a statement on Tuesday urged customers to be aware of their rights, saying that prices displayed on items should be inclusive of taxes.

Not displaying tax-inclusive prices carries a Dh15,000 fine for each tax, FTA said.

The displayed price should be the total amount that consumers will pay upon receiving the tax invoice, which should include the full price, followed by the total price and the amount of tax charged therein.

courtesy:Gulfnews

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