According to The UAE’s Federal Tax Authority, UAE companies operating in UAE must register for Added Tax, to be able to claim VAT refunds on supplies from outside the UAE. Businesses that fail to satisfy the deadline will face late registration penalties.UAE companies now have but 45 days to arrange their financial, production, human, and technological resources for VAT.
The UAE is getting to implement it on 1 January 2018 – other GCC countries may do so at an equivalent time or by 1 January 2019 at the latest. Background The GCC States are in the process of approving the introduction of a worth Added Tax (VAT) system within the GCC. The common VAT framework will form the idea for the introduction of a national VAT system by each Member State.