In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

The UAE will now offer value-added tax refunds for e-commerce purchases made by tourists during their stay in the Emirates. The move aims to boost the country's position as a tourism and e-commerce ...

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 ...

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).

DUBAI, May 11 (Reuters) - The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after Saudi Arabia said it would triple its rate. Saudi Arabia ...

The Federal Tax Authority (FTA) of the UAE recently amended some provisions of the UAE VAT Executive Regulations, particularly Cabinet Decision No. 52 of 2017, on the Implementing Regulation of ...

UAE businesses– both on the free zone and mainland – seem to have been caught off-guard by a recent clarification on VAT. Are they required to issue tax invoices to themselves for each import of goods ...

(MENAFN- EIN Presswire) EINPresswire/ -- The VAT Consultant, a leading tax compliance advisory firm in the UAE, today announced enhanced VAT registration services designed to help businesses navigate ...

Here’s your roundup of the top trending stories making headlines this weekend From major economic shifts to life-changing lottery wins, this week’s headlines capture the UAE at its most dynamic. A new ...

In an effort to transition their economies away from oil dependency, Saudi Arabia and the UAE have introduced VAT on various goods and services The Gulf states will now impose a five percent tax on ...

Sheikh Maktoum reviews UAE FTA AI strategy as Corporate Tax registrants hit 710,000 and VAT refunds for new homes reach $25.7m ...