Implementation of Value Added Tax (VAT):

VAT shall be effective in the UAE from January 01, 2018 and will be applicable on fees as recommended by the Law. It is expected that fee based financial services will be taxed but margin based products are likely to be exempt.

The current prices indicated in Amlak’s Standard Schedule of Fees and Charges do not include the anticipated VAT that will be charged. Therefore, the pricing may change from January 01, 2018 depending on VAT applicability on different products. However, customers will have the opportunity to review and get the final price quote while engaging with Amlak.