Key Insights: UAE VAT Executive Regulation amendments
The UAE introduced VAT as part of its initiative to diversify its revenue streams, aiming to reduce reliance on oil. The Federal Decree-Law No. 8 of 2017 established the VAT framework, which has undergone several amendments since its implementation. This guide to the VAT Executive Regulation, offering insights for businesses, tax professionals, and individuals from […]
Managing VAT Compliance with Rising Input Costs and Increased Demand
The Value Added Tax (VAT) system in the UAE was introduced on January 1, 2018, with a standard rate of 5%. This tax applies to the majority of goods and services, making it a significant component of the country’s fiscal policy. The Federal Tax Authority (FTA) oversees VAT implementation, ensuring compliance and efficient tax collection. […]
