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UAE VAT law: 5 new changes in 2023

UAE VAT law: 5 new changes in 2023

Starting on January 1, 2023, the UAE will impose changes in its Value Added Tax (VAT) laws and tax procedures that are expected to have a significant impact on businesses.

Since 2018, the UAE introduced 5 percent VAT on most goods and services. The tax is levied at the point of sale.

5 new changes in 2023

  • Reduced tax fines
  • 14-day time limit for claims
  • Issuing tax invoices without due VAT
  • VAT invoices for importation
  • Mandatory disclosure

Source: expatmedia.net

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