Descripción

The UAE has another problem of space constraint, which adds to the increase in prices. Whereas in a country like the United States, there is no space constraint, and the storage costs are comparatively cheaper. A country like Singapore also has space constraints, which is one reason why most of the products and services are priced high, tax or no tax.
Currently, the prices of cigarettes are quite low in the UAE, as compared to the prices in the U.K., where it is very high. The high costs in the U.K. though are because the government wants to discourage the use of tobacco. However, even cigarette prices in the UAE are bound to go up as apart from VAT, excise taxes are also going to add to the prices. The prices of electronic goods are low in the UAE compare to other countries, though none of the expatriates buy locally, as they bring their laptops, mobiles and TVs with them when they move to the UAE. However, even the prices of electronics will certainly go up after the introduction of VAT.
Most people are quite confused and apprehensive, as they don’t know what to buy and stock, or whether it is better to wait and watch. Whatever the case, the price index graph is bound to take an upward swing once VAT is in place, and the most affected will be the consumers, and not the traders, manufacturers or even the government.



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