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"
- UAE FTA Reduces Tax Penalties and Updates Compliance Rules Effective April 2026
- UAE E-Invoicing: Prioritize Local Compliance Over Cost When Selecting Service Providers
- UAE’s New 5-Year VAT Refund Rule: Why Delayed Claims Threaten Business Cash Flow
- Six Essential Steps for UAE Businesses to Comply with the New VAT ‘Should Have Known’ Rule
- Comarch Featured on EmaraTax: UAE e-Invoicing Integration and Compliance for July 2026 Deadline
