- The UAE FTA issued five binding VAT directives in July 2026 to clarify treatment of certain transactions.
- Judicial expert services appointed by courts or arbitration centres are taxable business supplies subject to VAT.
- VAT group members leaving a group but staying registered must handle later tax adjustments on their own returns from August 1, 2026.
- Digital currency values must be converted to AED using a consistent yearly average rate from three FTA-approved exchange platforms.
- The directives also clarify VAT boundaries for life insurance/reinsurance-related fees and set a cost-based method for valuing deemed supplies of services.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
