The amendments were made are in line with international best practice in light of the GCC Unified VAT Agreement. They are based on past experiences, challenges faced by various business sectors as well as the recommendations received from the relevant parties.
The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT), which will be effecti..
New clause confirms that any person who receives an amount as tax or issues an invoice reflecting tax must settle the amount to the Federal Tax Authority