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| Dubai announces new pricing for govt services |
| Press Trust of India / Dubai Jun 02, 2009, 09:52 IST |
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Dubai government has begun the process of reviewing and reducing government service fees, it was announced today.
In line with the initiative, the government will shortly introduce a new pricing mechanism for such services, which has been developed by the department of finance to further enhance the competitiveness of the emirate and its attractiveness as an investment destination.
This new system, which is unique among non-tax nations globally, will provide fee payers with modern and diversified payment facilities, including through installment payments.
The Department of Finance, in coordination with all relevant government departments, has identified opportunities to reduce fees by an average of 20-30 per cent.
The specific fee reductions in this regard will be announced shortly, a statement released here said.
Abdul Rahman Al Saleh, the director-general of the department of finance, said that the costs associated with all government services will be reviewed in terms of fees, prices and specific tariffs.
The pricing mechanism for government services will be applied as the basis for the review process, which will in no case lead to an increase in fees.
On the nature and advantages of the government services pricing mechanism Rahman said that this mechanism is a unique achievement, not only across the region but also among all non-tax nations worldwide.
He further said that tax-imposing countries generally determine such service fees based on the actual cost to government. Other countries, including both tax and non-tax states, base such fees on cost estimates.
"This policy is based on the principle of fairness in pricing Government services," he said.
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