E-Commerce And VAT: How It Will Impact Business Model

E-commerce has become the mega trend for businesses in the UAE, with an estimated value of $2.5 billion.

When people hear about e-commerce, they immediately think of buying and selling on the Internet. However, e-commerce covers more than just transactions for goods but also services.

In the UAE, e-commerce companies are embedded in our lives in one aspect or another, from searching for accommodation to searching for jobs, from ordering food to ordering a taxi.

E-commerce has become the mega trend for businesses in the UAE, with an estimated value of $2.5 billion (Dh9.2 billion) driven mainly by transformative change in culture and shopping habits among the country's fast growing young population.