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Dubai Government announces new pricing mechanism for Government services.

Summary: The Department of Finance, Government of Dubai, announced today that it has begun to implement the requirements of the Royal Decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, regarding the review and reduction of Government service fees.

Dubai Government announces new pricing mechanism for Government services

* Initiative to be introduced shortly under direction of His Highness Sheikh Mohammed Bin Rashid Al Maktoum* Pricing mechanism developed on scientific basis to further enhance competitiveness of emirate* Unique achievement among non-tax countries worldwide

The Department of Finance, Government of Dubai, announced today that it has begun to implement the requirements of the Royal Decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, regarding the review and reduction of Government service fees.

In line with this initiative, the Government of Dubai will shortly introduce a new pricing mechanism for such services, which has been developed on a scientific basis by the Department of Finance to further enhance the competitiveness of the emirate and its attractiveness as an investment destination. This new system, which is unique among non-tax nations globally, will provide fee payers with the modern and diversified payment facilities, including through installment payments.

The Department of Finance, in coordination with all relevant Government departments, has identified opportunities to reduce fees by an average of 20-30 per cent. The specific fee reductions in this regard will be announced shortly. 2009 Al Bawaba (www.albawaba.com)

2009 Al Bawaba (Albawaba.com)

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Publication:Albawaba.com
Article Type:Brief article
Geographic Code:7UNIT
Date:Jun 1, 2009
Words:274
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