Dubai retailers have been urged not to manipulate prices and add value added tax (VAT) to the existing prices before January 1, 2018.
The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai will introduce a number of different campaigns to ensure retailers are not increasing their prices before the VAT is implemented. CCCP is already monitoring the prices on the market to ensure there are no misconducts.
The campaigns have a goal to protect the consumer rights and boosting transparency while having in mind Dubai’s competitive business nature.
Starting from January, retailers in Dubai will have to display the VAT separately on every invoice and there will be fines imposed on those who don’t.
Mohammad Ali Rashid Lootah, CEO of CCCP, said:
“Dubai Economy is committed to protecting consumers against unscrupulous trade practices. Retailers should comply with their price lists and anyone who increases prices without any justification will incur a fine.
We call on consumers to watch out and ensure that there is no price manipulation or non-compliance with the laws. Consumers must ask for service and sale invoices and retain a copy with them. Complaints if any can be raised on the Ahlan Dubai number 600-54-5555, displayed across all retail establishments.”