UPDATE: United Arab Emirates to introduce VAT

31 August 2017

The United Arab Emirates (UAE) has now published its Value Added Tax (VAT) law confirming that it will be implementing VAT at a rate of 5% from 1 January 2018.

The VAT registration threshold for all businesses has also been confirmed at Dh 375,000 (Approx. US$ 100,000).

The new tax will be levied on most goods and services however there will be exemptions on essential items such as foodstuffs and health & social care services.

The UAE is part of the six-country Gulf Cooperation Council (“GCC”) and all of these countries have agreed to implement a harmonised VAT regime by 2018. The GCC countries consist of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK to cut e-book VAT rate from 1 December 2020

From 1 December 2020, the UK will cut the Value Added Tax (VAT) rate on digital publications (e-books) from 20% to 0%.  This follows the EU Council’s...

SEE MORE
LATEST NEWS

UK confirms postponed import VAT accounting from...

From 1 January 2021, the UK government has confirmed that it will introduce postponed import Value Added Tax (VAT) accounting to all imports of goods.  By...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.