UAE VAT: Law and Procedures provides a comprehensive analysis of the law governing Value Added Tax (VAT) in UAE and its implementation. Divided into two parts, Part I comprises of chapters which explain the provisions of law and compliances by the industry. Part II contains the legislation on VAT and Tax procedures, User Guide issued by the Federal Tax Authority (FTA), and Clarification issued by FTA. In line with the objectives of the GCC Economic Agreement of 2001, which seeks to reach advanced stages of economic integration, and develop similar legislation throughout the GCC, the GCC (Gulf Country Corporation) has introduced the Unified GCC VAT law to implement VAT in the Gulf Region. The UAE has introduced the VAT decree law No. 08 of the 2017 in the parliament and made it applicable from 1st January 2018 throughout the UAE. Immediately after the introduction of the Excise law in the UAE for specified goods only, the implementation of the VAT is a challenge for industry to comply with and to understand the legislative structure. Through this publication, the aim is to facilitate the industry in adopting the newly introduced law. The book will be a valuable addition to the tax practitioners and consultants in the UAE, judiciary, corporations and industries governed by VAT laws, and students of law and taxation.

Table of Contents:

Vat In Uae
An Introduction
Exmpt And Zero Rated Supplies
Date Of Supply
Place Of Supply
Value Of Supply
Exports And Imports
Transaction With Designated Zone
Recovery Of Tax
Invoicing And Credit Notes
Filing Of Returns
Accounts And Records
Audit And Assessment
Tax Evasion And Administrative Penalty
Transitional Provisions


More Details about UAE VAT: Law and Procedures

General Information  
Author(s)CA Atul Kumar Gupta CA Ajay Sharma CA Swati Chutani
PublisherOakBridge Publishing Pvt Ltd
Publish YearNovember 2018