Family-owned businesses in Dubai have asked the government to adopt several measures to help companies struggling to weather the current crisis, including reducing value added tax and speeding up payments.
The meeting on April 21 between representatives of the companies and the emirate’s ruling family resulted in 14 recommendations summed up in a letter by the head of Dubai’s Chamber of Commerce & Industry. The letter, seen by Bloomberg, was confirmed by the chamber.
Firms asked Dubai’s government to:
- Reduce VAT to 2% from 5% or delay payments for ...