The UAE Federal Tax Authority announces the VAT treatment of selected industries
Another step closer to VAT implementation
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has published the Value Added Tax (VAT) treatment of selected industries.
Specific supplies in the financial services, real estate and transportation sectors will be fully exempted from VAT. However, certain government activities, mainly activities that are solely carried out by the government with no competition with the private sector, will fall outside the scope of the VAT system.