The UAE charges VAT at the standard rate of 5% on taxable supplies generally but there are many factors that determine what constitutes a supply as per the UAE VAT Law. The VAT term ‘supply’ includes all types of supply of goods or services supplied by a registered person for consideration by and in course of carrying out a business. In most instances of VAT all the specified elements that define a supply will be present and you can charge VAT at 5% but a transaction can also take place in extraordinary instances that do not meet the conditions of supply.
Source: jcauaeaudit.com
Latest Posts in "United Arab Emirates"
- UAE FTA Issues New VAT Directives on Digital Currency, Insurance, and Group Exits
- UAE VAT Deemed Supply Exceptions and Threshold Rules
- UAE VAT Refunds for New Residences Rise 27.5% in First Half of 2026
- How should deemed supplies of services be valued?
- UAE FTA Clarifies VAT on Crypto Conversions and Life-Insurance Fees
