July 5, 2018

Organisations on exhibitions and conferences allowed to refund VAT value imposed on the provision of services required for setting up events

UAE Cabinet approves VAT refund for organisers of exhibitions, conferences

Organisations on exhibitions and conferences allowed to...

July 5, 2018

Dubai: Federal Tax Authority (FTA) on Wednesday urged all UAE businesses registered for Value Added Tax (VAT) who missed the deadline for filing their tax returns to pay their tax dues immediately.

“Respecting the deadline to file tax returns and pay due taxes is a lega...

Removal of VAT at wholesale level can help make industry competitive again, retailers say

Dubai: The UAE’s jewellery retailers and shoppers will receive some much needed relief with the partial easing of value-added tax (VAT) charges on all wholesale deals in gold and d...

The Federal Tax Authority (FTA) has asked all UAE consumers to demand tax receipts from retailers when purchasing products or services to prevent attempts to manipulate the tax system. 

The Authority urged all taxable businesses to iss...

February 13, 2018

Minister says no plans to increase VAT, excise rates in next 5 years

Dubai: The UAE’s government has no intention of raising the current rate of Value-Added Tax (VAT) or excise tax in the medium term, Obaid Al Tayer, the country’s Minister of State for Financial Affairs...

For data packages, any plan taken in 2017 and spilling over into 2018 will be subject to VAT

Here's a rundown of what you need to know about VAT - from what products and services are subject to it to knowing whether companies are trying to pull a fast one on you

If and o...

December 26, 2017

The UAE will introduce Value Added Tax (VAT), a broad-based indirect tax levied on the consumption of goods from January 1, 2018 at a standard rate of 5 per cent.

Will selling my property in the UAE be affected by VAT?

No, if the property is residential.

Will hotel stays...

December 26, 2017

Emiratis allowed to reclaim VAT when building new house, says ministry.

The UAE will have no special value added tax (VAT) rules for small and medium-sized enterprises (SMEs), according to the Ministry of Finance (MoF).

Last week, the ministry said certain financial serv...

December 26, 2017

Dubai: The Federal Tax Authority has confirmed that both water and electricity will be taxed at 5 per cent from January 1, 2018, according to the recently released executive regulations.

According to the document, water and electricity will be treated as supplied goods,...

December 22, 2017

The recently released executive regulations on value added tax (VAT) make clear how a business might deregister itself from paying taxes.

Voluntary reasons for deregistration include dropping below the threshold of Dh375,000 in annual revenue, if it closes down or no lo...

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