United Arab Emirates

UAE VAT invoice update

September 12th, 2018

The United Arab Emirates’ Federal Tax Authority has published VAT invoice guidance. This covers: VAT invoices must be provided to customers for all taxable supplies; Full invoice must detail for each line item the VAT and net values per supply; Simplified invoices need not split out the net VAT amount where multiple supplies are made; …


United Arab Emirates

UAE conference and event VAT refunds

May 17th, 2018

The United Arab Emirates cabinet has approved a change in the law to provide refunds of VAT charged to non-residents businesses by local event organizers. This is generally accepted practice in the EU and many other countries with VAT regimes. VAT which may be reclaimed includes: entrance fees; sponsorship and advertising; charges for exhibiting; and …


United Arab Emirates

UAE pre-VAT contracts

March 13th, 2018

The United Arab Emirates’ Federal Tax Authority has issued guidance on 3 March on the VAT liabilities for parties in contracts spanning the 1 January 2018 introduction of VAT. Where a contract does not make clear which party will be liable for VAT, and quotes only a VAT exclusive price, then it automatically falls to …


United Arab Emirates

UEA e-commerce liable to 5% VAT

January 27th, 2018

The United Arab Emirates tax office, the Federal Tax Authority, has confirmed that e-commerce sales to consumers by foreign vendors are liable to the new 5% VAT regime. Supplies include both physical goods and digital services (i.e. income from: streaming media; apps; software; e-books; journals; and membership sites).  There is an annual selling threshold of …


United Arab Emirates

UAE delays first VAT returns

January 23rd, 2018

The United Arab Emirates Federal Tax Authority has relaxed the initial filing dates for the new VAT regime, launched on 1 January 2018. This is to provide businesses, particularly smaller enterprises, time to adjust to the new indirect tax. Under the new VAT regime, businesses with a turnover above DH150million are required to file monthly …


United Arab Emirates

Arab Gulf VAT live today

January 1st, 2018

Saudi Arabia and the United Arab Emirates (UAE) have today become the two latest states to impose Value Added Tax on their consumers.  From midnight, 5% VAT became due on most transactions, including between companies (but with the right to reclaim). GCC 6 states and VAT In 2016, the six members of the Gulf Cooperation Council …


United Arab Emirates

UAE reissues 2018 VAT regulations

November 28th, 2017

The United Arab Emirates has approved, and reissued the Executive Regulations for the introduction of 5% VAT on 1 January 2018. Draft regulations were published, and then retracted, earlier this month. The regulations provide details on: VAT rates Place of supply rules Exemptions from VAT VAT groups treatment of exports and imports VAT registration and deregistration, VAT …