VAT in UAE was introduced on 1st January 2018. The Federal Tax Authority (FTA) is responsible for all administrative and collection of taxes in the UAE. The introduction of VAT in UAE had lead to an increase in the revenue for the government and less dependence on oil resources. Also, VAT in UAE will make the business and the consumers more responsible for understanding their responsibility towards the payment of taxes and the welfare of the economy and the country.
Source: emiratesca.com
Latest Posts in "United Arab Emirates"
- UAE e-Invoicing 2025: Key Rules, Timelines, and Actions for Businesses Under MD 243 & 244
- Federal Tax Authority Revises Turnover Declaration Rules for VAT Group Registrations
- UAE E-Invoicing: Digital Transformation, Compliance, and Efficiency for Micro Enterprises and Businesses
- UAE Updates VAT Guide: New Rules on Input Tax Apportionment and Recovery Percentage
- UAE eInvoicing Requirements: Implementation Timeline and Compliance Guide for 2026-2027
