“This guide reflects the UAE VAT amendments effective from 15 November 2024 and remains fully applicable in 2026.” The Federal Tax Authority (FTA) issued Public Clarification No. 40 to provide
Value Added Tax (VAT)
Value Added Tax (VAT)
Charities engage in various activities in the accomplishment of their charitable purposes. Such activities may include direct charitable services and trading activities such as sales of various items through shops.
Corporate Tax and VAT are two key taxes in the UAE, but they apply differently. Corporate Tax is levied on business profits, while VAT is charged on the sale of
Value Added Tax commonly referred to as ‘VAT’ became effective in the United Arab Emirates from 1 January 2018, at a standard rate of 5%. Any charities that engage in
Accurate VAT assessment for digital services is essential for business forecasting, regulatory compliance, and mitigating risks associated with fines and audits. This article explains the implementation of VAT on digital
