Gold and Diamonds - Amendment to Tax Treatment of Making Service (VATP032)
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Value Added Tax is a general consumption tax on goods and services, calculated by adding all costs...
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A business is generally able to recover input VAT to the extent that the input VAT is attributable to its taxable outputs.
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VAT was introduced across the UAE on 1st January 2018 at a standard rate of 5%.
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Gold and Diamonds - Amendment to Tax Treatment of Making Service (VATP032)
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The FTA has updated earlier issued Guides in line with the amendment of VAT Federal Decree Law vide Federal Decree-Law No. 18 of 2022
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The Federal Tax Authority (FTA) has launched EmaraTax on December 5, 2022
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