Tag Archives | VAT

VAT Dubai

Food items, Water and Electricity to be taxed in Dubai

All types of food items in the UAE, including staples such as bread and rice, will be taxed under the VAT scheme from January 1, 2018, the Federal Tax Authority (FTA), reported by Guld News. Earlier, it was assumed that staple food items will be exempted from the 5 per cent tax increase. Initially, an […]

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Excise Tax coming to Dubai, Consumables to get expensive

Consumables in Dubai will get expensive as the Excise Tax Law will come into effect from October 1st, 2017, across Dubai and other Emirates of the UAE. The excise tax will be up to 100% for most items. The Tax shall impact all excise goods consumed inside the country, including all the country’s free zones […]

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VAT begins to roll in Dubai, 100% tax on tobacco products and energy drinks

VAT begins to roll in Dubai, 100% tax on tobacco products and energy drinks

The Federal Tax Authority of UAE has announced a 100% tax on tobacco products and energy drinks, as well as a 50% tax on carbonated beverages, beginning in the fourth quarter of 2017. The valued added tax (VAT) will be imposed on imported goods and services unless explicitly exempted by the law. According to the […]

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UAE VAT

UAE VAT update: UAE getting ready to implement Value Added Tax (VAT) on businesses

The UAE VAT is coming: UAE is getting ready to implement Value Added Tax (VAT) on businesses. In the first phase, registration for UAE VAT is mandatory for companies whose annual revenues exceed Dh3.75m while it is optional for those whose revenues range between Dh1.87m and Dh3.75m Companies in the UAE that record annual revenues […]

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