Tag - UAE

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UAE - Residential Property VAT Exempt

The United Arab Emirates' Ministry of Finance has confirmed that residential property will be exempt from the Gulf Cooperation Council (GCC) VAT when it comes into force in January 2018, but that a 5% will apply on sales or leases of commercial property.

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UAE - VAT Wait for Events Industry

The Dubai World Trade Centre (DWTC) was home to more than a hundred events last year. A million people plus attended, generating economic activity worth more than Dh12 billion.

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UAE - Airport VAT To Be Applied

As previously reported the six-nation Gulf Cooperation Council (GCC) bloc - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE - will implement a VAT rate of 5% from January 1st 2018...

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UAE - VAT Supplies to be Zero-Rated

Further to the planned implementation of VAT on 1st January 2018, as previously discussed, the United Arab Emirate Ministry of Finance has announced that a zero rate of VAT will be applied to both education and healthcare services...

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UAE - Severe VAT Penalties?

The UAE will close down a business for 72 hours and impose a severe financial penalty for value added tax evasion, according to tax consultants who attended a VAT briefing by the Ministry of Finance (MoF)...

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UAE - Introduction of VAT

As promised on 17/03/17, we can now bring you more details on the introduction of VAT in the UAE...

 

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United Arab Emirates - VAT regime to begin on the 1st January 2018

The United Arab Emirates (UAE) will introduce a VAT regime on the 1st January 2018...

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UAE - More details on VAT implementation released

More details have been released regarding the introduction of VAT across the other Gulf Co-operation Council (GCC) Member States from the 1st of January 2018.

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UAE - Books to be VAT exempt

Despite the introduction of a 5% VAT rate in the United Arab Emirates from January 2018, books will remain VAT exempt...

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Qatar - VAT expected to be introduced in 2018 or 2019

We have previously reported that the United Arab Emirates (UAE) will introduce VAT on the 1st of January 2018 at a rate of 5%. It has since been reported that Kuwait will also adopt the VAT system on this date...

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