UAE likely to withdraw postal tax
The federal government is considering partial or complete withdrawal of the 10 per cent postal tax collected from private operators, said Sultan Bin Saeed Al Mansouri, Minister of Communications and Chairman of Emirates Post. “We are actively considering the matter. However, it may take some time,” he said on the sidelines of the World Mail, Express and Air Cargo Expo, Middle East and Africa. He said the new federal government will undertake further measures to liberalise the UAE’s transport, communication and logistics sector that will help it to grow further. The Middle East express mail market is worth 8 billion euros (Dh39. 5 billion), officials said. Abdullah Al Daboos, Director-General of Emirates Post, said: “The UAE market accounts for about 35 per cent of the GCC, while Saudi Arabia accounts for 55 per cent. ” That values the Gulf post-al market at about 622 million euros (Dh3. 07 billion).
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