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The introduction of VAT in UAE

VAT (Value Added TAX), which is also called as ‘tax on consumption’ by some economists, is simply a tax that is payable while purchasing any product. VAT is a particular percentage of the cost of goods and services, hence it can not be considered as a charge on companies. It is a general tax amount, which is added by the producer to the inputs before they are sold as new offerings. The implementation of VAT is an important step to strengthen the indirect tax structure of any country.


Why VAT in UAE ?

The implementation of VAT will provide a new source of income to the government, which will contribute in providing high quality public services in future.

Who will pay the VAT?

VAT will be payable by every individual in the country, who will be willing to buy any product or service.

What will be the VAT Rates?

The VAT rates will be equal or less than to 5% in UAE.

When will VAT go in effect?

VAT is expected to be implemented in UAE on January 1, 2018.

VAT Return and Payment Process

A farmer grows cotton which is plucked and sold to a factory

The factory processes the cotton and manufactures clothes which are sold to a retail chain

The clothes are stocked in stores and placed for sale to consumers.

A consumer buys a new dress.

VAT Services in UAE

VAT Accounting

This particular section outlines the timeline when the VAT becomes payable and when it become due to the Collector-General.

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VAT Planning

We believe that no section of the financial legislation is as complex as VAT. No Matter how big the VAT issue is,

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VAT Advisory

For making the possible preparedness for the new tax, one must understand the impact of the new tax system the ongoing

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Latest News

A proactive approach to VAT implementation in GCC Countries

July 25, 2017

All the GCC countries have collectively signed on the VAT framework agreement to implement a simpler and more unified Value Added Tax (VAT) in the Gulf region. The new tax system is expected to have a positive impact on the economic system to change the fiscal reform process. Even several foreign businesses and investors are …

GCC businesses become more VAT aware as the deadline approaches

July 21, 2017

Ever since the news of VAT (value added tax) being implemented in the UAE has surfaced, GCC businesses have been trying to prepare themselves for the new tax regime. The UAE Finance Minister had earlier this year stated that VAT will be applied at the rate of 5% in the UAE from January 1, 2018. …

VAT in GCC: The case for e-invoicing and e-archiving solutions

July 13, 2017

VAT (Value Added Tax), a tax regime, which is believed to completely transform the way of business transactions used by trading companies across the GCC, either it is an SME/ SMB or a large enterprise. The upcoming tax regime in UAE depends on IT solutions like e-invoice suite and e-archive suite, which makes sure the …

UAE Federal National Council Approves Changes To Tax Procedure Bill

June 9, 2017

The Federal National Council (FNC) of UAE, on Tuesday, affirmed changes to a draft law that is required for issuing tax-related laws and for the smoother implementation of the upcoming VAT taxation system in the country. The Tax Procedure Bill is aimed at evaluating, collecting and controlling public revenue it applies to, in addition to …

Impact of VAT on Household Budget

May 30, 2017

Value Added Tax is all set to begin its regime in the UAE region from January 1, 2018. It is expected that the new tax system will strengthen the nation by generating more revenues from non-oil businesses. VAT is an indirect tax that is not based on the income but works with expenditure. It is …

Benefits of New Taxes in UAE will Add More Profit in Fiscal

May 25, 2017

The UAE’s Federal Tax Authority has announced to levy 100 per cent tax on energy drinks and tobacco, 50 percent on carbonated beverages is going from the fourth quarter of this year. The main aim of implementing VAT and excise duties on consumer goods in UAE is to expand the government revenue. After the implementation …


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