UAE achieves '98.8 per cent VAT compliance': Federal Tax Authority

Dubai: Nearly 100 per cent of companies in the UAE that were obliged to pay value added tax (VAT) have since registered to do so, according to Khalid Al Bustani, director general of the Federal Tax Authority (FTA).

In remarks to the media on the anniversary of the first 100 days of VAT in the UAE, the senior official also said he suspected a number of companies failing to register, either deliberately or accidentally.

"We will not tolerate tax evaders, and we will not tolerate tax avoiders,” Al Bustani said sharply.