VAT news tagged as "Free zones"

United Arab Emirates

UAE confirms Free Zones not VAT free

October 19th, 2017

United Arab Emirates (UAE) Free Zones have been confirmed as not benefiting from automatic VAT-exempt status on the introduction of the new indirect tax from 1 January 2018. There are over 40 Free Zones in the UAE – generally at ports, airports and major cities. They benefit from relaxed trading rules for foreign companies to …

United Arab Emirates

UAE 2018 VAT launch questions

September 11th, 2017

Ahead of the January 2018 launch of VAT in the United Arab Emirates, a number of major questions remain following the publication of the VAT Law degree at the end of August. These include: What is the impact on contracts signed prior to the launch of the tax (or its announcement) with no VAT exclusive …

United Arab Emirates

UAE VAT in Free Zones

September 9th, 2017

The UAE plans to introduce 5% on from 1 January 2018. This is part of the role out of a VAT and Customs Union plan with the other five Gulf Co-Operation Council states: Bahrain; Kuwait; Oman; Qatar; and Saudi Arabia. Will United Arab Emirates Free Zones be VAT exempt? The UAE published its VAT decree …