How VAT Works in Saudi Arabia — An Overview Saudi Arabia introduced Value Added Tax on 1 January 2018 at a rate of 5% as part of the GCC Unified VAT Agreement and the Kingdom’s Vision 2030 fiscal reform strategy. In July 2020, the rate was raised to 15% — where it has remained — … Read more
The VAT is an indirect tax that is levied on the consumption on the majority of goods and services supplied. The final cost is borne by the consumer. The VAT applied in more than 180 countries. It was introduced in the United Arab Emirates on 1 January 2018. That has a standard rate of 5% … Read more
The Federal Tax Authority (FTA) operates under the Tax Procedures Law, Federal Decree-Law No. 28 of 2021, as amended by Federal Decree-Law No. 17 of 2025 (effective 1 January 2026), which gives it the power to assess payable tax, conduct tax audits, determine cases of evasion, and issue administrative penalties. When a business disagrees with … Read more
Since the introduction of Value Added Tax (VAT), a number of small and medium-sized enterprises in the UAE have found it difficult to cope with the VAT system, resulting in fines and penalties that could genuinely have been avoided. Most Common Mistakes Made by SMEs When Filing VAT Returns Non-maintenance of records Mistakes in calculating … Read more
The Federal Tax Authority treats a sole establishment as an extension of the individual who owns it, not as a separate legal person. That single distinction shapes almost every VAT registration decision a sole establishment owner has to make in the UAE, from how many Tax Registration Numbers (TRN) they need to how their turnover … Read more
Oman VAT Law: What Businesses Need to Know Today Oman’s Value Added Tax system is no longer an upcoming change. VAT has applied across the Sultanate since 16 April 2021, under Sultani Decree No. 121/2020, making Oman the fourth Gulf Cooperation Council member to introduce VAT after Saudi Arabia, the UAE, and Bahrain. More than … Read more
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