Are you ready for the VAT law amendments which will take effect on 1 January 2023?

On 28th October 2022, the FTA announced major changes to the VAT law which will affect many small businesses in the UAE.

VAT was first introduced in the UAE back in 2018 and its rate has remained at 5%. Since its inception, many businesses have adopted the rules and complied with them. However, as the way of doing business changes, so does the way tax is calculated and collected. The FTA updating its rules is a clear sign that the UAE is maturing as a global economy and keeping up with pace.

In this webinar we go over the major changes in the VAT law which will require immediate attention.
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