![DUBAI , UNITED ARAB EMIRATES , DEC 21 – 2017 :- VAT signboard at the entrance of Axiom Telecom store at Ibn Battuta Mall in Dubai. (Pawan Singh / The National)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/P2ZQRQTGWSTJKCNNRHVZT4BRCA.jpg?smart=true&auth=d58c80755679a23b2273ec7536238e6586466ec369072615608af1e489bff04a&width=400&height=225)
VAT was introduced in the UAE on January 1, 2018. Pawan Singh / The National
VAT was introduced in the UAE on January 1, 2018. Pawan Singh / The National
Consumer watchdogs ready to crack down on VAT overcharging
Retailers can expect stiff fines if they are caught adding more than five per cent after the tax comes into force on Monday