Introduction to Cabinet Decision No. 52 of 2017 Cabinet Decision No. 52 of 2017 serves as a pivotal framework for the implementation of Value Added Tax (VAT) law in the United Arab Emirates (UAE). This decision was enacted on September 27, 2017, primarily to provide clarity and direction for the administration and governance of VAT, … Read more
Introduction to VAT Law and Free Zones in the UAE The introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) through Federal Decree-Law No. 8 of 2017 marked a significant shift in the country’s fiscal landscape. Implemented on January 1, 2018, this legislation aimed to diversify government revenue sources, reduce dependency on … Read more
Introduction to Federal Decree-Law No. 8 of 2017 Federal Decree-Law No. 8 of 2017 marks a significant development in the fiscal landscape of the United Arab Emirates (UAE), introducing Value Added Tax (VAT) as an indirect tax on goods and services. The primary rationale behind this legislation is to diversify the UAE’s economy and reduce … Read more
Introduction to VAT in the UAE The introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) marked a significant shift in the country’s fiscal landscape. Prior to the implementation of Federal Decree-Law No. 8 of 2017, the UAE heavily relied on oil revenues, which constituted a substantial portion of its national income. … Read more
Introduction to VAT in the UAE Value Added Tax (VAT) represents a pivotal shift in the tax landscape of the United Arab Emirates (UAE), implementing a consumption-based tax system that aligns with international standards. The introduction of Federal Decree-Law No. 8 of 2017 marks a significant development in the UAE’s economy, designed to diversify sources … Read more