UAE reissues 2018 VAT regulations
- Nov 27, 2017 | Richard Asquith
The United Arab Emirates has approved, and reissued the Executive Regulations for the introduction of 5% VAT on 1 January 2018. Draft regulations were published, and then retracted, earlier this month. The regulations provide details on:
- VAT rates
- Place of supply rules
- Exemptions from VAT
- VAT groups
- treatment of exports and imports
- VAT registration and deregistration,
- VAT compliance,
- VAT returns filings; and related practical issues.
UAE is introducing VAT alongside Saudi Arabia as the first two of the six countries of the Gulf Cooperation Council
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