20.8 Government revenue from excise tax and value added tax

The Ministry of Finance clarified the statements of the total revenues of the government’s share of excise tax and value added tax, since its launch in 2018 until now, and the statements stated that the total amount collected is equal to 20 billion and 855 million dirhams.

Emarat Alyoum reported the confirmation of the Minister of State for Financial Affairs, Obaid bin Humaid Al Tayer, that the total value collected from the two taxes has been directed to combat the Covid-19 virus.

With regard to the 2019 budget surplus, which amounted to 10 billion and 811 million dirhams, the Emarat Alyoum reported the dialogue that took place with the Minister of State for Financial Affairs, in this regard, and according to what was reported in the Emarat Alyoum that the Minister of Financial Affairs stated that this surplus is not considered a legal violation, since the violations It is supposed to be based on laws, and he added that in the event of a surplus or deficit in the budget, this requires clarification of the reasons in the final report that will be submitted to the Accounting Council.