UAE: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT.

In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

In the past decade, the UAE economy experienced two seismic shifts. First, in 2018, the country introduced VAT, marking the debut of direct taxation. Then, in 2023, corporate tax was also implemented.

As the implementation of Value Added Tax (VAT) continues to impact businesses in UAE, many are struggling to navigate the complex regulations and requirements. KARAMA ...

The UAE has issued new changes Value Added Tax (VAT) rules, introducing measures that tighten governance, streamline procedures and enhance compliance. The revised rules—effective January 1, 2026—aim ...

Dubai Customs is launching a significant initiative to train and employ 80 new high school graduates as "Customs Inspectors." in line with the vision of the Dubai government and contributing to the ...

Gold is big business in the UAE—here’s how the new VAT rules affect buyers and sellers If you’re buying or selling gold in the UAE today—whether as a business or as a shopper—it’s important to ...