UAE VAT Update:
Federal Decree-Law No. (18) of 2022 Concerning the Amendment of Certain Provisions of Federal Decree-Law No. 8 of 2017 Regarding Value Added Tax has been issued.
Following are some of the major subject area changes:
1. Extension of Audit timelines beyond 5 years
2. Domestic RCM applicability for Hydrocarbons
3. Zero applicability for import of goods
4. Record-keeping requirement for VAT recoverability
5. 14 days timeline for the issue of tax invoices.
Sources:
Latest Posts in "United Arab Emirates"
- Key 2025 UAE VAT Law Changes: Five-Year Input Tax Limit, Anti-Evasion, and Import Simplification
- UAE Releases Electronic Invoicing Guidelines Ahead of Nationwide Rollout Starting July 2026
- UAE VAT Refunds for Non-Resident Businesses: 2025 Claims Open Until August 31, 2026
- UAE FTA Issues VAT Guide Clarifying Profit Margin Scheme for Second-Hand and Eligible Goods
- UAE Ministry of Finance Issues Mandatory e-Invoicing Guidelines for Businesses and Government Entities
