UAE announces changes to VAT

Abu Dhabi, The Gulf Observer: UAE Ministry of Finance announced amendments to some provisions of the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from January 1, 2023.

Under the changes, registered individuals who make taxable supplies will be allowed to apply for an exception from VAT registration — if all their supplies are zero-rated. They may also be eligible if they no longer make supplies other than zero-rated ones.

The Federal Tax Authority (FTA) may forcibly de-register registered individuals in specific cases if deemed necessary.