Vereinigte Arabische Emirate
Amendments to the VAT Decree from January 2023
Federal Decree-Law No. 18 of 2022 has been issued by the UAE Ministry of Finance amending certain provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (the VAT Decree-Law). The amendments will take effect on 1st January 2023. The following are a summary of the major changes to the VAT Law:
- Registered persons who make taxable supplies are allowed to apply for an exemption from VAT registration if all their supplies are zero-rated and/or they no longer make any supplies other than zero-rated supplies. (article 15)
- Additional zero-rated goods and services have been added, e.g. healthcare related goods and services, importation of gas, etc. (article 45)
- Tax Credit Notes must be issued within 14 days from the date of issuing tax invoices. (article 62)