Despite being public authorities, utilities will be subject to VAT Dubai: Both water and electricity will be taxed at 5 per cent from January 1, 2018, according to a set of draft executive regulations published on the Federal Tax Authority’s website on Wednesday. According to the document, water and electricity will be treated as supplied

Companies invited them to ‘work together for the advancement, progress and prosperity of the UAE’ The message is loud and clear to all UAE businesses required to register for value-added tax (VAT) to complete their registration prior to the January 1, 2018 deadline or face penalties for late registration as executive regulations have been approved

The UAE’s Federal Tax Authority is urging companies subject to the value-added tax to register before December 4 to avoid paying the tax from their own pockets, as the country inches closer to introducing the five per cent levy on January 1, the director general of the authority said on Wednesday. Businesses would be well advised

The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 on Value Added Tax at a Cabinet meeting on 7 November 2017, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai. The Regulation defines VAT