Category: Taxation

The UAE VAT Law

The UAE VAT Law

The UAE VAT Law – Are Free Zone Companies Affected? With the Federal Decree-Law No. (8) of 2017, the UAE introduced Value Added Tax (VAT) as per 1 January 2018 (‘UAE VAT Law’). The general VAT rate is 5%, applying to both goods and services. Some goods and services are zero-rated, while VAT exemptions apply under certain conditions. UAE Free Zone Companies Are Generally Subject to VAT Liability – With Some Exceptions As per the UAE VAT Law, all companies in the United Arab Emirates are considered as UAE resident businesses, including free zone companies. Offshore companies are

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