UAE VAT Law; Structure VAT Consultancy in UAE, Saudi Arabia, GCC It doesn’t take so long to read and understand the newly promulgated UAE VAT Law AKA Federal Decree-Law No. 8 of 2017 on Value Added Tax. It also seems to be incomplete as a very vital component auxiliary regulations are still to make to the surface, the “Executive Regulation”. The VAT Law speaks about the Executive Regulation as under: - Article 82  Executive Regulation The Cabinet shall issue the Executive Regulation of this Decree-Law at the suggestion of the Minister. The VAT law is divided in to 8 titles in total each discusses  and defines relevant previsions on Value Added Tax. Title One: Definitions Contains key definitions and basic understanding of the law. Title Two: Tax Scope and Rate Defines the scope of VAT and rate at 5%, whereas Title Six (6) deals with Zero Rated and Exemptions Title Three: Supply, Supply of Goods and Services Definition of supply of goods and se...

Pay Zero VAT on Goods & Services in UAE The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, on Sunday issued the Federal Decree-Law No. 8 of 2017 for Value-Added Tax, with one of the lowest rates in the world. Value Added Tax is the most discussed topic in GCC creating many questions. As January , 2018 is approaching very fast businesses (small and large) are interested to know steps, dos & donts, vat planning, implementation and its impact on decision making. In the application/ compliance and better understanding of the VAT law, the following terms, misunderstandings are vital to know. Tax Rate: A standard rate of 5% shall be imposed on any supply or Import pursuant to Article (2) of this Decree-Law on the value of the supply or Import specified in the provisions of this Decree-Law. Value Added Tax is imposed on the import and supply of Goods and Services at each stage of production and distribution, including the Deemed Supply. Howev...