-
The United Arab Emirates has amended certain provisions to the value-added tax (VAT) rules, effective from January 1, 2023. The Emirates News Agency WAM has reported that “the UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).”
-
Among the changes made to Federal Decree-Law No.8 of 2017 on VAT, is the provision that registered persons are allowed to apply for an exception from VAT registration if all of their supplies are zero-rated or they no longer make any supplies other than zero-rated supplies. In addition, director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to VAT from January 1, 2023.