Tax and Regulatory

VAT is administered by Federal Tax Authority of the UAE, which comes under Ministry of Finance and it came into effect in UAE on January 1st, 2018

Value Added Tax (or VAT) is an indirect tax and it is imposed on most supplies of goods and services that are bought and sold.

A business pays the government the tax that it collects from the customers while it may also receive a credit from the government on tax that it has paid to its suppliers. The net result is that tax receipts to the government reflect the “value add” throughout the supply chain.