The United Arab Emirates (UAE) has changed its value‑added tax (VAT) law and introduced new tax exemptions. TheMinistry of Financeannounced on 5 October 2024 approval ofDecision No. 100 of 2024, amending some provisions of theExecutive Regulations of Federal Decree-Law No. 8 of 2017on VA...
Stated below are the criteria listed by the Federal Decree-Law on VAT and Executive Regulations for your business to be treated as outside the territory of the UAE: Your zone has to be in a fenced surrounding. It must have its security protocol and custom control unit for tracking and moni...
Mobile Banking VAT In line with Federal Decree – Law No. (8) of 2017 on Value Added Tax (VAT), VAT was introduced across the United Arab Emirates on January 1 2018 at a standard rate of 5%. Where applicable, VAT will be charged on taxable supplies of goods and services in the UAE...
“While there are several apprehensions about the implementation of corporate tax, it is to be noted that most SMEs have adapted to digital transformation with the introduction of VAT a few years ago which will enable them towards a seamless ...
Vouchers have become integral to various industries, providing customers with opportunities to receive goods, services, or discounts. However, the implementation of Federal Decree-Law No. (8) of 2017 on Value Added Tax as amended (the “UAE VAT Law”) an
VAT Registration Exemptions Some areas are exempt from VAT registration under UAE Federal Decree-Law No. (8) of 2017: Final Thoughts Understanding VAT registration in the UAE is essential for businesses and individuals receiving income. VAT registration is often mandatory, so it’s important to fol...
New UAE VAT Law – August 2017 Special Law Update This is a Special Law Update from ProConsult Advocates & Legal Consultants, bringing to your attention the New Federal Decree-Law No. (8) of 2017… Read more Share: post by TONY January 25, 2020 0 Comments How a Lawyer Can ...
Individual Businessman’s VAT Registration: Applicant’s signed request letter Applicant’s resident permit Applicant’s passport copy Business Registration as an Authority: Copy of the decree Application letter with an authorized signatory Copy of the act of incorporation ...
Information related to the implementation of value added tax vat in the UAE, including frequently asked questions
UAE VAT Executive Regulations UAE VAT Executive Regulations Introduction Summary of Amendments, Effective 15th November 2024 The Federal Tax Authority (FTA) in the United Arab Emirates has announced Cabinet Decision No. (100) of 2024, which modifies the Executive Regulations of Federal Decree-Law No...