UAE: VAT Introduction Will Not be Delayed
Type
E-journal
Date
29 Nov 2017
Jurisdiction
United Arab Emirates
Taxonomy
VAT
Copyright
LexisNexis
Legal reference
Cabinet Decision No. 52/2017, Federal Decree-Law No. 8/2017
Analysis
The Director General of the UAE's Federal Tax Authority, Khaled Al Bustani has said the introduction of VAT in the country will not be delayed, despite calls from prominent organisations like the UAE Banks Federation for it to be to allow them more time to prepare.
VAT will be introduced in the UAE on 1 January 2018.
Al Bustani added the Authority is seeing a surge in registrations as the registration deadline looms.
First reported on Arabian Business on 29 November 2017.