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UAE: No changes to VAT rate

UAE: No changes to VAT rate

The Ministry of Finance of the United Arab Emirates (UAE) today confirmed there are no current plans for the UAE to increase or make other changes to the value added tax (VAT) rate.

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The common VAT agreement of the Gulf Cooperation Council (GCC) states provides that GCC member states are to levy VAT at the standard rate of 5% on taxable supplies that are not specifically exempt or zero-rated (GCC agreement, Article 25).

Read a May 2020 report [PDF 137 KB] prepared by the KPMG member firm in the UAE

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