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.