Publication
UAE: VAT-Practical Considerations
The United Arab Emirates and the Kingdom of Saudi Arabia were the only GCC states that have implemented Value Added Tax (VAT) with effect of 1 January 2018 as per the Unified GCC VAT Agreement from December 2015. The Implementation of VAT has been especially challenging in the UAE with regard to the treatment of free zones, some of which - so-called Designated Zones - are subject to special rules. This briefing gives an overview of practical cases of VAT application in Designated Zones.