A new UAE rule on the application of value-added tax (VAT) will be implemented for registered dealers of gold and diamonds, it was announced on Friday. The Ministry of Finance (MoF) has expanded ...

When it comes to gold or diamonds, the VAT responsibility largely depends on the Reverse Charge Mechanism (RCM). Under this: The buyer, if VAT-registered in the UAE, declares and pays VAT directly ...

UAE: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT.

A new report found that the number of families planning to leave the UK is growing after the introduction of VAT on school ...

The UAE has granted $790m in tax refunds for nationals building new homes, and also shared details of VAT waivers for tourists. The Federal Tax Authority (FTA) has confirmed that its digital VAT ...

ABU DHABI- The Federal Tax Authority (FTA) has confirmed that its digital VAT refund systems, including the VAT-refund system for UAE nationals for the construction of new residences and the ...

The introduction of VAT in the UAE went into effect on January 1, 2018, at a 5 per cent rate on the supply of most goods and services in the country. Thomas Vanhee, founding partner at Aurifer ...