The UAE will introduce value added tax (“VAT”) at the rate of 5% from 1 January 2018. The basic principle underpinning the introduction of VAT is to further improve the economic base of the UAE. This ...

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 introduced a new system for tourists to receive VAT refunds on e-commerce retail purchases in the country. The Federal Tax Authority (FTA) has launched a new VAT refund system for ...

The Federal Tax Authority (FTA) has unveiled a new VAT refund system designed specifically for e-commerce purchases made by tourists during their stay in the UAE. This system, which is the first of ...

UAE move syncs it with international VAT norms, boosts for businesses in precious metals Shoppers are firewalled from any extra costs related to the recent VAT tweak. But businesses in the precious ...

The UAE has granted $790m in tax refunds for nationals building new homes, and also shared details of VAT waivers for tourists. The Federal Tax Authority (FTA) has confirmed that its digital VAT ...

Said to be a world first, FTA's move to raise UAE's 'digital competitiveness' Tourists already have full VAT refunds when they engage in physical shopping in the UAE. Now, they can expect the same ...

UAE: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT.

Forbes contributors publish independent expert analyses and insights. I cover startups & enterprises in India and the UAE. The United Arab Emirates and Saudi Arabia, where residents had long enjoyed a ...

The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry of finance said on Tuesday. DUBAI, Nov 10 (Reuters) - The United Arab Emirates has no ...