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...

Applying Value Added Tax Certificates (VAT Certificate) Dubai - UAE VAT and Tax Certificates VAT UAE will be issued by the Ministry of Finance UAE for government entities, private sector organizations, small businesses and individuals in United Arab Emirates - UAE. Following certificates will be issued by the UAE government: - Value Added Tax (VAT) Certificate Tax (VAT) Domicile Certificate Value Added Tax Certificate  (VAT Certificate - UAE) will be issued for government entities, Private companies and individuals to claim their tax exemptions for Value Added Tax (VAT) in various countries around the globe. To get more details on this please click   here . Required Documents for VAT Certificate Letter signed by the authorized signatory Copy of decree & act of incorporation Tax Domicile Certificate , the countries having agreements of avoidance of double taxation with UAE will be able to claim exemptions from charge of Value Added Tax (VAT...