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 ...

Are you eligible for a VAT refund? Find out the steps you need to follow Also In This Package 10 ways to pay for parking in Dubai Full list of UAE public holidays, in 2024 Dubai: Now, renew RTA ...

One of the biggest retailers in the United Arab Emirates began its preparations for the introduction of VAT 12 months ago, its chief executive has said.Speaking at a GCC VAT forum that took place in ...

The UAE has granted $790m in tax refunds for nationals building new homes, and also shared details of VAT waivers for tourists. The Federal Tax Authority (FTA) has confirmed that its digital VAT ...

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 ...

The Ministry of Finance (MOF) has announced that starting January 2023, board members across institutions in the UAE will not be subject to value added tax (VAT). The tax will still be applicable for ...

Visitor numbers to the UAE are expected to burgeon following the country's recent decision to refund value added tax (VAT) payments to tourists. This move will not only allow greater flexibility for ...

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...

The UAE's Ministry of Finance (MOF) on Thursday said director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to ...

The UAE implemented the Value Added Tax (VAT) of 5 percent in January 2018. To cater to tourists, the Federal Tax Authority (FTA) introduced a 100 percent digital tax-free shopping service in the last ...