Executive Regulations of Federal Decree-Law No 8 of 2017 on Value Added Tax

28 November, 2017

Following​ ​the​ ​publication​ ​of​ ​the​ ​Value​ ​Added​ ​Tax​ ​Law​ ​(“VAT​ ​Law”)​ ​by​ ​Federal​ ​Decree-Law​ ​No.​ ​(8)​ ​of 2017,​ ​the​ ​UAE​ ​Ministry​ ​of​ ​Finance​ ​(“MoF”)​ ​has​ ​released​ ​the​ ​VAT​ ​Executive​ ​Regulations,​ ​approved​ ​by Cabinet​ ​Decision​ ​No​ ​(52)​ ​of​ ​2017​ ​(“VAT​ ​Regulations”).

The​ ​main​ ​features​ ​and​ ​principles​ ​of​ ​the​ ​VAT​ ​system​ ​are​ ​provided​ ​in​ ​the​ ​VAT​ ​Law​ ​while​ ​the​ ​specific details​ ​of​ ​application​ ​are​ ​provided​ ​in​ ​the​ ​VAT​ ​Regulations.​ ​With​ ​the​ ​VAT​ ​implementation​ ​date confirmed​ ​to​ ​be​ ​1​ ​January​ ​2018,​ ​the​ ​release​ ​of​ ​the​ ​VAT​ ​Regulations​ ​is​ ​welcome​ ​and​ ​constitutes​ ​an essential​ ​step​ ​for​ ​the​ ​readiness​ ​of​ ​the​ ​UAE​ ​businesses.

The​ ​Federal​ ​Tax​ ​Authority (“FTA”)​ ​have​ ​opened​ ​its online​ ​portal​ ​since​ ​the beginning​ ​of​ ​October​ ​to enable​ ​taxpayers​ ​to​ ​register for​ ​VAT​ ​purposes.​ ​The​ ​VAT Regulations​ ​will​ ​help​ ​them to​ ​proceed​ ​with​ ​their implementation​ ​to​ ​be​ ​ready to​ ​comply​ ​with​ ​the​ ​VAT requirements​ ​by​ ​1​ ​January 2018.

This alert seeks to give an overview of these long awaited details. For access to the VAT Law and Regulations, please

Visit the Ministry of Finance website

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Mark Schofield
Tax and Legal Services Leader, PwC Middle East
Tel: +971 (0)4 304 3100

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