VAT to be implemented from 1st January, 2018.
In line with Federal Decree – Law No. (8) of 2017 on Value Added Tax (VAT), VAT will be introduced across the United Arab Emirates on January 1 2018 at a standard rate of 5%. Where applicable, VAT will be charged on taxable supplies of goods and services in the UAE.
In accordance with the new VAT Law, FAB will be required to charge and collect VAT on certain services, which will be paid to the Federal Tax Authority. From January 1 2018, all FAB rates and fees which are VAT-applicable will therefore be revised, and terms and conditions will be amended accordingly.
More information about VAT can be found via the links below. Please note that all VAT-related documents have been prepared for information purposes and are not intended to provide, and should not be relied on for tax advice. You may also refer to the following websites: