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Sending remittances from the UAE will become slightly expensive as the currency exchange houses in the country confirmed that they would pass on the VAT charges on the remittance fee to the consumers from January 1, 2018. "We do hundreds of thousands of remittances, so 5 per cent VAT on the (remittances) charges will be passed on to the consumers. Whether it's 80 fils or Dh1, it's going to be passed on," said Rajiv Ashok Raipancholia(FERG).
05 Dec 2017, 07:15 PM
Read more at Khaleej Times

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