UAE witnessed introduction of VAT for the first time on 1st January 2018 which is imposed on the supply of goods and services at the rate of 5%. With the view to update members with the latest changes coming in the tax regime in UAE, ICAI, marking its global presence, through its Dubai Branch/Chapter, has recently revised its publication –Background Material on UAE VAT- June 2018 (3rd Edition)incorporating the variants of VAT Law and inter alia includes the analysis of various Articles of Federal Decree Law No. 8 of 2017/ Statutory Provisions of UAE VAT Law.
Please note that the printed hard copy of the above publications would be available for sale in 10 days at https://goo.gl/knsGbn.Further, hard copy of the publication can be purchased from Dubai Branch, G-18, Block 2B, Knowledge Village, Dubai (U.A.E.).You may download the same from website of Indirect Taxes Committee www.idtc.icai.org which is available onhttp://idtc.icai.org/publications.php. No part of publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior permission, in writing, from the ICAI.
Impact of GST Rate on Job Work
