Residents across the UAE have voiced their concerns about living costs rising in the UAE as a result of the value added tax; however, many are also hopeful about receiving a salary increase in 2018.

"The introduction of VAT is clearly a positive step for the UAE to take as it continues to diversify its economy away from oil. However, it appears that large numbers of UAE residents are simply considering VAT as an additional expense to be dealt with in the short term," said Jonathan Rawling, CFO of yallacompare.

Watch this video to see how this new VAT impacts on you if you are a resident of the UAE or just visiting the UAE for a holiday. 

Will my cabin crew salary continue to be tax free?  Watch the video to find out more.