Michaela Merz


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UAE VAT law released


The UAE has released the VAT law on last Sunday. Please see the ministry website for more Details.

If you have any questions, please do not hesitate to contact Nassim Tanouti on +971 566 816 561 or nassim.tanouti@pwc.com.

 

Bildquelle: Tim Reckmann  / pixelio.de


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President of the UAE isues the new Tax Procedures Law – will you be ready?


On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication. Continue reading


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UAE – implementation of VAT at the rate of 5% on January 2018


The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018.

VAT is expected to be introduced at a rate of 5% with some limited exceptions including basic food items, healthcare and education. Continue reading


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United Arab Emirates – Introduction of VAT, further progress


634058_web_R_by_M. Hermsdorf_pixelio.deUAE government has made some progress in the process of introducing VAT in the country by 2018.

According to a recent Statement by the UAE Ministry of Finance officials, the registration thresholds under consideration are as follows:

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