Introduction of Value Added Tax (VAT) in the UAE

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Introduction of Value Added Tax (VAT) in the UAE

VAT in the GCC and the impact areas in the implementation cycle

VAT in the UAE

The representatives of the Member States of the Gulf Cooperation Council (GCC) confirmed the introduction of a formal Value Added Tax (VAT) system across all six Member States through the signing of a VAT Framework Treaty. The Treaty acts as the basis for the domestic VAT legislation in the UAE by stipulating certain principles, which must be followed by all members, while allowing the UAE to opt for different VAT treatments in relation to some supplies.

Where are we today with VAT introduction in the UAE?

The UAE Government is still planning to introduce VAT on 1 January 2018. The Federal VAT Law and the VAT Executive Regulations are currently in the process of being approved and it is hoped that they will be enacted and made public in the first half of this year. 

Impact of VAT on businesses in the UAE

This document will answer the below listed questions regarding the introduction of the indirect tax in the UAE

  • VAT in the UAE - 5%, VAT exempt or zero-rate transactions?
  • VAT in the UAE - recovery right
  • VAT in the UAE - Overview of expected special rules (real estate, VAT group, insurance, finance and islamic finance and import of goods)
  • VAT in the UAE - VAT refund
  • VAT in the UAE - Prepare soon: are you compliant?
  • VAT in the UAE - Transitional periods and rules
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