The Dubai ruler has announced laws to establish the Knowledge Dirham Fee and the Innovation Dirham Fee related to innovation and government services.
According to WAM, an Innovation Dirham Investment Committee will be established to explore opportunities for investing revenues from the Innovation Dirham.
The Knowledge Dirham and Innovation Dirham will not be refunded when transactions are cancelled, WAM said, adding that the fees only apply to transactions of more than AED50.
Healthcare services provided by government entities are exempted from the Knowledge Dirham and Innovation Dirham. Also exempted are traffic fines for violations committed in Dubai which are collected in other emirates or other GCC countries, as well as fines for violations committed in other emirates or GCC countries collected by authorities in Dubai.
It will be levied on any “services provided by a government entity” and the revenues allocated to the Dubai Future Foundation, the official release said.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Monday issued a law stating the Dh10 Knowledge Dirham will fund education and cultural projects in Dubai.
It will be added to all transactions for government services in Dubai, including federal government services whose revenues are allocated to Dubai’s treasury.
No exact date was set for the introduction of the fee. A news release said the law will be effective from the date of its publication in the government’s official gazette.
