UAE reissues 2018 VAT regulations

Tue 28th Nov 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 compliance,
  • VAT returns filings; and related practical issues.

UAE is introducing VAT alongside Saudi Arabia as the first two of the six countries of the Gulf Cooperation Council

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