Your Essential Checklist for VAT Exemptions in Dubai

Shuraatax04 Jul, 2024Finance

The Value Added Tax (VAT) was introduced in the United Arab Emirates to diversify the economy as well as to generate a new source of income for the government. This implementation has brought a major transformation in businesses operating in Dubai. However, to comply with the VAT rules specified by the Federal Tax Authority (FTA), companies are required to understand the various aspects of the UAE?s VAT system including Dubai VAT exemption in order to determine the category of business they are engaged in.