Key Amendments to the UAE VAT Executive Regulation

On October 2, 2024, the Federal Tax Authority (FTA) published the amended Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (the "Executive Regulation"). Following Cabinet Decision No. (100) of 2024, amendments will take effect on November 15, 2024.

Notably, the Executive regulation has undergone updates with over 30 revisions that affect several industries. The key adjustments and modifications that need to be taken into account are outlined below.

These revisions are intended to improve clarity, give more information on important clauses and processes, and be consistent with previous modifications made to the Decree-Law and other pertinent tax laws. In order to comprehend the possible effects on their business operations and VAT duties, taxpayers should carefully analyze the amendments.

The key amendments on VAT are listed below.

If you need any professional advise/ guidance regarding UAE CT and VAT,?you may please contact our Tax Department:?

Tax Advisor: Aqiel Booso

Email:? [email protected]

? ? ? ? ? ?[email protected]

Phone:?+971 454 13205

? ? ? ? ? ? +971 457 52971

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