The UAE will introduce value added tax (“VAT”) at the rate of 5% from 1 January 2018. The basic principle underpinning the introduction of VAT is to further improve the economic base of the UAE. This ...

As the implementation of Value Added Tax (VAT) continues to impact businesses in UAE, many are struggling to navigate the complex regulations and requirements. KARAMA ...

The UAE has rolled out a new system allowing tourists to claim VAT refunds on online purchases, further enhancing its ...

The Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT law) governs the application of value added tax in the UAE along with its Executive Regulations (Cabinet Decision No 52/2017).

Streamlined VAT registration aligned with current UAE tax regulations transforms compliance from a burden into a competitive advantage, enabling businesses to focus on growth” - Mr. Selvam, CEOKARAMA, ...

The United Arab Emirates and Saudi Arabia, where residents had long enjoyed a tax-free and heavily subsidized existence, introduced International Monetary Fund (IMF)-backed value-added tax (VAT) on ...

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...

The UAE will introduce a reverse charge mechanism for value-added tax (VAT) on scrap-metal trading between registered businesses from 14 January 2026, following a new Cabinet decision announced by the ...