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.

In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

UAE revises VAT exemptions - and businesses get chance to claim refund UAE's latest updates on VAT ensures that virtual asset based transactions come with exemptions. Shutterstock Dubai: With the UAE ...

The Federal Tax Authority (FTA) has unveiled a new VAT refund system designed specifically for e-commerce purchases made by tourists during their stay in the UAE. This system, which is the first of ...

In April 2023, we highlighted in ‘Gulf News’ that the list of non-deductible expenses under the UAE corporate tax law refers to such input VAT that is ‘recoverable’ as compared to the input VAT ...

The UAE has issued new changes Value Added Tax (VAT) rules, introducing measures that tighten governance, streamline procedures and enhance compliance. The revised rules—effective January 1, 2026—aim ...

The UAE has introduced a new system for tourists to receive VAT refunds on e-commerce retail purchases in the country. The Federal Tax Authority (FTA) has launched a new VAT refund system for ...

Gold is big business in the UAE—here’s how the new VAT rules affect buyers and sellers If you’re buying or selling gold in the UAE today—whether as a business or as a shopper—it’s important to ...