diff --git a/builder.Makefile b/builder.Makefile
index 6527b575e..c76668106 100644
--- a/builder.Makefile
+++ b/builder.Makefile
@@ -23,7 +23,9 @@ ifeq ($(GOOS),windows)
 endif
 
 STATIC_FLAGS=CGO_ENABLED=0
-LDFLAGS:="-s -w"
+GIT_TAG=$(shell git describe --tags --match "v[0-9]*")
+
+LDFLAGS="-s -w -X main.version=${GIT_TAG}"
 GO_BUILD=$(STATIC_FLAGS) go build -trimpath -ldflags=$(LDFLAGS)
 
 BINARY?=bin/docker
@@ -37,18 +39,18 @@ endif
 all: cli
 
 protos:
-	@protoc -I. --go_out=plugins=grpc,paths=source_relative:. ${PROTOS}
+	protoc -I. --go_out=plugins=grpc,paths=source_relative:. ${PROTOS}
 
 cli:
 	GOOS=${GOOS} GOARCH=${GOARCH} $(GO_BUILD) $(TAGS) -o $(BINARY_WITH_EXTENSION) ./cli
 
 cross:
-	@GOOS=linux   GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-linux-amd64 ./cli
-	@GOOS=darwin  GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-darwin-amd64 ./cli
-	@GOOS=windows GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-windows-amd64.exe ./cli
+	GOOS=linux   GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-linux-amd64 ./cli
+	GOOS=darwin  GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-darwin-amd64 ./cli
+	GOOS=windows GOARCH=amd64 $(GO_BUILD) $(TAGS) -o $(BINARY)-windows-amd64.exe ./cli
 
 test:
-	@go test $(TAGS) -cover $(shell go list ./... | grep -vE 'e2e')
+	go test $(TAGS) -cover $(shell go list ./... | grep -vE 'e2e')
 
 lint:
 	golangci-lint run --timeout 10m0s ./...
diff --git a/cli/cmd/version.go b/cli/cmd/version.go
index 7b239f1a0..285f169df 100644
--- a/cli/cmd/version.go
+++ b/cli/cmd/version.go
@@ -26,15 +26,15 @@ import (
 	"github.com/docker/api/cli/mobycli"
 )
 
-const cliVersion = "0.1.4"
-
 // VersionCommand command to display version
-func VersionCommand() *cobra.Command {
+func VersionCommand(version string) *cobra.Command {
 	cmd := &cobra.Command{
 		Use:   "version",
 		Short: "Show the Docker version information",
 		Args:  cobra.MaximumNArgs(0),
-		RunE:  runVersion,
+		RunE: func(cmd *cobra.Command, _ []string) error {
+			return runVersion(cmd, version)
+		},
 	}
 	// define flags for backward compatibility with com.docker.cli
 	flags := cmd.Flags()
@@ -45,7 +45,8 @@ func VersionCommand() *cobra.Command {
 	return cmd
 }
 
-func runVersion(cmd *cobra.Command, args []string) error {
+func runVersion(cmd *cobra.Command, version string) error {
+	displayedVersion := strings.TrimPrefix(version, "v")
 	versionResult, _ := mobycli.ExecSilent(cmd.Context())
 	// we don't want to fail on error, there is an error if the engine is not available but it displays client version info
 	// Still, technically the [] byte versionResult could be nil, just let the original command display what it has to display
@@ -53,6 +54,6 @@ func runVersion(cmd *cobra.Command, args []string) error {
 		return mobycli.ExecCmd(cmd)
 	}
 	var s string = string(versionResult)
-	fmt.Print(strings.Replace(s, "\n Version:", "\n Azure integration  "+cliVersion+"\n Version:", 1))
+	fmt.Print(strings.Replace(s, "\n Version:", "\n Azure integration  "+displayedVersion+"\n Version:", 1))
 	return nil
 }
diff --git a/cli/main.go b/cli/main.go
index 1ecc18c51..e8541b81d 100644
--- a/cli/main.go
+++ b/cli/main.go
@@ -49,6 +49,10 @@ import (
 	"github.com/docker/api/context/store"
 )
 
+var (
+	version = "dev"
+)
+
 var (
 	ownCommands = map[string]struct{}{
 		"context": {},
@@ -110,7 +114,7 @@ func main() {
 		cmd.InspectCommand(),
 		compose.Command(),
 		login.Command(),
-		cmd.VersionCommand(),
+		cmd.VersionCommand(version),
 	)
 
 	helpFunc := root.HelpFunc()