Dubai Will Now Charge An Innovation Fee

by Forbes Middle East Forbes Middle East - Business News
Dubai government has announced that it will start levying an innovation fee, the proceeds of which will be directed to Dubai Future Foundation.
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According to a statement released by news agency WAM, a fee of AED 10 will be levied on all government transactions valued above AED 50. Known as the innovation dirham, the fee would help the government develop educational and cultural projects while funding the innovative projects planned by the emirate.
The innovation dirham will not be charged on healthcare services provided by the government or on traffic fines committed in other emirates, WAM revealed.

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Created on Jan 30th 2018 23:49. Viewed 347 times.


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