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The UAE Clarifies VAT Liability for Contracts Signed Prior to 2018

07 March 2018

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Approved Changes

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Untd A Emirates

The UAE Federal Tax Authority has issued a release to clarify whether the supplier or end-consumer is liable for VAT on goods and services to be delivered fully or partially in 2018, but contracted prior to 2018. --- Dubai, March 3, 2018– The Federal Tax Authority (FTA) has clarified the criteria that determine whether it is the supplier or end-consumer that bears the cost of the Value Added Tax (VAT) on goods and services set to be delivered fully or partially in 2018, but had been contracted before the implementation of VAT. In a statement issued, the FTA clarified that...