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    • UK Based Global VAT and Tax Compliance Consultants
    01
    Sep

    UAE: VAT update


    The UAE’s Ministry of Finance has recently published the following update regarding the implementation of a VAT system:

    “Following the UAE Ministry of Finance’s role in developing and coordinating the countries fiscal policies, the Ministry confirms that the UAE has been conducting studies on the implementation of a VAT draft law, along with the other GCC countries. This is based on a previous agreement between the UAE and all GCC states to impose a VAT tax law simultaneously. The draft law is still pending and under negotiation due to the absence of a final agreement on the tax rate and a list of tax exemptions”.

    “An immediate announcement will be made once a final agreement on imposing a VAT law is reached. Concerned sectors and entities will have around 18 months after imposing the law to implement and fulfil the requirements of their tax obligations”.

    We will keep a close eye on developments and post updates once they become available.


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.