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UAE Federal Tax Authority Announces Supplies Subject to VAT and Identifies Exempt Supplies

07 December 2017

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Approved Changes

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Untd A Emirates

On 5 December 2017, the United Arab Emirate Federal Tax Authority issued a release on taxable, zero-rated, and exempt supplies under the country's new VAT regime. The release also includes a table outlining the different supplies and their treatment. --- The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors that will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate. Selected supplies in sectors such as transportation, real estate, financial services will be completely exempt from VAT,...