Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an option to the Taxable person to pay VAT on the profit margin earned on the taxable supplies made which is known as Profit Margin Scheme.
Source: emiratesca.com
Latest Posts in "United Arab Emirates"
- UAE Tax Agent Guide: Hiring, Roles, and EmaraTax Linking
- UAE Sets Phased Deadlines for Mandatory Electronic Invoicing
- UAE October 2026 E-Invoicing Guidelines: Key Updates
- UAE Updates Electronic Invoicing Guidelines with New Identification and Cross-Border Rules
- United Arab Emirates Sets E-Invoicing Deadlines for Businesses by Revenue Tier
