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UAE's New Tax Agency Agrees VAT, Excise Rules

by Lorys Charalambous, Tax-News.com, Cyprus

07 September 2017


The Board of Directors of the UAE Federal Tax Authority has approved various procedures relating to the forthcoming introduction of excise and value-added taxes in the UAE.

It is anticipated that the two regimes will be in place by November 2017 and January 2018, respectively.

According to local media, the Board also agreed the levels for fines and fees in relation to non-compliance and reporting omissions.

TAGS: United Arab Emirates | tax | value added tax (VAT) | excise duty | regulation | Legislative Scrutiny | Dubai

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