Amendment of Law of Value Added Tax of UAE

Value Added Tax Law No. 8 of 2017 was amended by Federal Decree No. 18 of 2022, which was issued on 28 September 2022, and entered into force on 01/01/2023.

Such an amendment was made to cope with the United Agreement for Value Added Tax of the Cooperation Council for the Arab States of the Gulf, and to face the challenges and obstacles that the Emirati Government faced recently.

Some of the amendments included:

• Allowing the Registrars who make taxable imports to apply to be excluded from registration in case all of their imports were subject to 0% or if they became making imports subject to 0%.
• Determining a period of 14 days to issue a taxable credit note for adjustment of outcomes tax, such amendment is made to be same as the period of issuing tax invoices.

The amendment contains as well rephrasing for some articles.

Amendment of Executive Regulation of Law of Value-Added Tax of UAE

Cabinet Decree no. 99 of 2022 amended the Executive Regulation of Law of Value Added Tax no. 8 of 2017 for the fifth time. It was issued on 21 October 2022 and entered into force on 01/01/2023.

According to this Decree, article 3 (concerned with supplying services) was amended, in addition to article 72 (concerning keeping the records of the imports that took place).