Federal Tax Authority’s VAT Workshop

Last week we attended a VAT Session with the FTA, and below are some of the takeaways that might be related to your business. So far, 300,000 UAE businesses have registered.  There are a number of busine...

VAT went into effect on the 1st of January… What now?

The Value Added Tax (VAT) went into effect on the 1st January with a 5% VAT applying on the sale and purchase of most goods and services in the United Arab Emirates. This represents a major transformation for both the Government and consumers, however, as busi...

UAE to publish VAT draft executive regulations soon

The UAE's Federal Tax Authority is about to release the executive regulations, while the draft is currently being circulated. On the other hand, VAT registration deadlines are nearing in, with November 30th bei...