07 August 2018

UAE releases VAT guide on Designated Zones

The United Arab Emirates (UAE) Federal Tax Authority (FTA) published its VAT Guide on Designated Zones (the guide) on July 29. The guide discusses: (i) Characteristics that a Free Zone must have to qualify as a Designated Zone; and (ii) Value Added Tax (VAT) treatment of transactions connected with a Designated Zone. The new guide is important for any UAE business that operates in a Free Zone, or that transacts with suppliers or customers located in a Free Zone.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1588