VAT General Briefing Session

0
Agenda

1 1
Agenda

• Introduction

• Legal structure of VAT regime

• The operation of VAT in the UAE

• Working together towards a successful implementation

• Q&A

2
Introduction

3 3
Why has VAT been implemented?
Why is the UAE implementing VAT?

• UAE Federal and Emirate governments provide citizens and residents with many
different public services (e.g. hospitals, roads, public schools, parks) that are paid
for from the government budgets.

• VAT will provide our country with a new source of income which will:
❖ contribute to the continued provision of high quality public services;
❖ help government reducing dependence on oil and other hydrocarbons.

Why does the UAE need to coordinate VAT implementation with the other GCC
countries?

The GCC group of nations have historically worked together in designing and
implementing new public policies as we recognize that such a collaborative approach
is best for the region.

4
The FTA – who are we?
Federal Tax Authority

• Formed by the Government to administer VAT and Excise Taxes, plus any future
taxes, introduced in the UAE.

• Responsible for collecting taxes and reviewing Taxable Person compliance.

• Available to provide guidance and direction to Taxable Persons in order to support

them in meeting their tax compliance obligations.

• Decision making capacity in areas of tax technical complexity.

• Responsible for conducting tax audits and administering penalties.

5
Getting assistance from the FTA
The FTA is committed to helping Taxable Persons learn about VAT in an easy, accessible
and straightforward manner. As a result, the following options are available:

Publications, Notices, VAT Taxable Person Guide will be freely

accessible at any time on the FTA website when launched

E-learning modules will provide guidance on the basics of VAT

and available on the FTA website

VAT helpline can be used for general enquiries about the

application of VAT

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Legal structure of the VAT
regime

7 7
When will VAT be implemented?
• Implementation date: GCC vs UAE

• GCC VAT AGREEMENT is a framework agreement signed by all six GCC countries:
– Broad framework that mainly states provisions for intra GCC trade
– Gives countries discretion to choose treatment in certain sectors where it does not affect intra-GCC trade
– Mutual agreement on some provisions such as the standard rate of VAT and the registration threshold

• Federal Laws in the UAE:

– TAX PROCEDURES LAW will govern the general rules and procedures relating to all taxes within the UAE
– VAT LAW setting out the application of VAT within the UAE

• VAT registration will open during Q3 2017 on a voluntary basis and Q4 2017 on a compulsory basis

The GCC VAT Framework The UAE’s Federal VAT Law And is further detailed in VAT
agreement is applicable to all builds on the GCC Framework Executive Regulations.
GCC member states … and applies to the UAE …

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 GCC VAT Agreement structure
Chapters Titles
Chapter One Definitions and General provisions
Chapter Two Supplies within the Scope of the Tax
Chapter Three Place of Supply
Chapter Four Tax Due Date
Chapter Five Tax Calculation
Chapter Six Exceptions
Chapter Seven Exceptions on Importation
Chapter Eight Persons who are Obliged to Pay Tax
Chapter Nine Tax Deduction
Chapter Ten Obligations
Chapter Eleven Special Treatments of Tax Refunds
Chapter Twelve Exchange of information between Member State
Chapter Thirteen Transitional Provisions
Chapter Fourteen Appeals
Chapter Fifteen Closing Provisions
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Policy choices available to the GCC Countries (1/2)

The following slides summarize the policy areas which the GCC Countries have
discretion to decide upon the approach to be taken:

• VAT groups [Article 4, GCC VAT Agreement]

• Application of exemption, or zero rating or standard rating of certain supplies [Article 29

(1), GCC VAT Agreement] relating to:
• Health
• Education
• Real Estate
• Local Transport

• Application of the standard rate or zero rate to:

• Oil & Gas [Article 29 (2), GCC VAT Agreement]
• Food [Article 31, GCC VAT Agreement]
• Supply of a means of transport [Article 33, GCC VAT Agreement]

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Policy choices available to the GCC Countries (2/2)

• Exceptions to payment of VAT (or allowing refund) in special cases [Article 30, GCC
VAT Agreement] in relation to:

• Government bodies, Charities

• Some companies in relation to international event hosting agreements

• Citizens of a Member State constructing homes for private use

• Farmers and Fishermen

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Examples of policy choices available to the UAE (1/2)

• Financial services – exempt or not [Article 36, GCC VAT Agreement]

• Input tax deduction – Conditions [Article 44, GCC VAT Agreement]

• Input tax apportionment methods [Article 46, GCC VAT Agreement]

• Tax period [Article 60, GCC VAT Agreement]

• Tax Payment – date and method [Article 63, GCC VAT Agreement]

• Repayment/refund of tax [Article 65, GCC VAT Agreement]

• Tax refunds for Tourists [Article 68, GCC VAT Agreement]

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Examples of policy choices available to the UAE (2/2)

• Tax refunds for international organisations and diplomatic bodies –

Conditions/limitations and the option to apply zero-rating [Article 69, GCC VAT
Agreement]

• Transitional rules – Minimum set of rules provided [Article 73, GCC VAT
Agreement]

• Appeals – Conditions and limitations [Article 74, GCC VAT Agreement]

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The operation of VAT in the
UAE

14 14
 Overview of VAT
Interesting Facts
Tax on the consumption of goods and services, levied at the • VAT has been implemented in
point of supply
more than 150 countries
around the world
• All OECD countries except for
Many countries have VAT or the US have VAT (or a
an equivalent tax system VAT is collected by variation)
(e.g. GST) but some registered suppliers down
countries have other the supply chain • The concept of VAT was first
consumption taxes proposed in 1918 by a German
industrialist, Dr. Wilhelm von
Siemens
• VAT was first implemented in
1954 by Maurice Lauré, Joint
Not all businesses will be VAT is payable by both
Director of the France Tax
VAT registered suppliers businesses and individuals
Authority (Direction Générale
des Impôts)

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Mechanics of VAT
A Worked Example

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Some important concepts
• What does conducting an economic activity mean [Article 1(9); GCC VAT
Agreement]?
– Economic activity means an activity conducted in a continuous and regular
manner and includes commercial, industrial, agricultural or professional
activities
• Who is a taxable person [Article 1(8); GCC VAT Agreement]?
– Taxable person means any person (corporation or not) conducting an
economic activity for the purpose of generating income
– Such person is registered or obligated to register for VAT as per the
registration threshold in a member state
– Taxable persons can include businesses located outside the GCC territory

– A Taxable Person can be any natural person conducting an economic activity

• Meaning of supply [Article 1(20); GCC VAT Agreement]?
– Supply means any form of supply of goods or services in exchange for a
consideration
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 Some important concepts

Input tax [Article 1(22); GCC Meaning of taxable supply Reverse charge mechanism
VAT Agreement]: [Article 1(28); GCC VAT [Article 1(18); GCC VAT
Agreement]: Agreement]:
Tax payable by a taxable person
on supply of goods and services Supplies on which tax is charged A mechanism under which the
received or on import of goods according to the VAT Agreement, recipient of goods or services is
and services for the purpose of whether at standard rate of 5% required to pay VAT instead of the
carrying out economic activities or at zero rate. A deduction of supplier, when the supplier is not a
input tax can be claimed against taxable person in the member state
the VAT payable on taxable where the supply has been made
supplies

Tax group [Article 4; GCC VAT Agreement]: Exempted supplies [Article

1(27); GCC VAT Agreement]:
Member states may allow two or more persons
that are residents of the same member state to Supplies on which no tax is
register for VAT as a Tax group; such group will payable and for which
be treated as a single taxable person for deduction for input tax cannot
payment and compliance of VAT be claimed
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Definition of “supply”
The supply of goods or services…
It is important to establish whether a taxpayer is supplying goods or services since there
are different rules applying to each for the purposes of determining where and when the
supply takes place.

Goods Services
The passing of ownership of physical Anything which is not a
property or the right to use that property supply of goods is a
as an owner, to another person. supply of services.

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Definition of “supply”
…for Consideration…

• Consideration equals anything received in return for a supply

• If the consideration for a supply is just in money, the value of that supply is the amount
of money received

• The consideration is treated as VAT inclusive, so the amount received in payment

includes an element of VAT for taxable supplies

• VAT is normally calculated by applying the VAT rate to the VAT-exclusive price

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Definition of “supply”
…in the course of conducting business
in the UAE…
Business means:

• Any continuing activity making supplies for consideration

• Frequency activity to be continued over a period of time

• Not an isolated transaction

• Not activities purely private or personal (non business)

Remember:
Where any of the criteria set out above are not
met, the transaction is outside the scope of VAT

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Definition of “supply”
…by a VAT registered trader.

Only registered businesses or required to be registered for VAT are able to

make ‘taxable’ supplies (subject to VAT)

Businesses become required to be VAT registered when their turnover reaches

a certain threshold

It is possible for businesses to voluntarily register for VAT purposes before they
reach the Mandatory Registration threshold if they reach a lower voluntary
registration threshold

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 Place of supply
Place of supply rules will determine whether a supply is made in the UAE or
outside the UAE for VAT purposes:
• If the supply is treated as made outside the UAE: no UAE VAT will be
charged
• If the supply is treated as made in the UAE: VAT may be charged

Goods Services
• Basic rule: the place of supply is the • Basic rules: the place of supply is where
location of goods when the supply the supplier has the place of residence
takes place
• Special rules, for example:
• Special rules, for example:
❖ Cross-border supplies of services
❖ Cross-border supplies – that is between businesses
supplies which involve parties in
❖ Electronically supplies services –
different countries
where services are used or enjoyed
❖ Water and energy
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Place of Supply – Goods (1/2)

Domestic Supplies Exports to outside the GCC

− No movement of goods outside the UAE − Export of goods: place of supply is still
− Subject to the applicable VAT rate in the the UAE
UAE – standard or zero-rated

Abu Dhabi UAE

Dubai UK

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Place of Supply – Goods (2/2)

B2B Import into UAE

from outside of GCC

− Import of goods: place of supply is the UAE

− The recipient accounts for VAT under the reverse charge mechanism
EXCEPT where goods will be re-exported to another GCC State – see next
page for details

UK

UAE

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Place of Supply
Goods imported to the UAE & transferred to GCC
Import followed by movement of goods within GCC

Where goods are imported into the UAE (i.e.

released for consumption here) but the intention is
that these goods will be transferred by the importer
into another GCC State, the place of supply of
import is still the UAE BUT…

- The importer must pay import VAT without using

the reverse charge and cannot recover this VAT UAE
- This import VAT should be recoverable in the
GCC State to which the goods are transferred

Where import VAT was recovered in the UAE under

the expectation that goods would not be transferred
to another GCC State, but at a later date they are
moved to another GCC State, the taxpayer will be KSA
required to “repay” the import VAT by treating the
transfer as a deemed supply subject to VAT. 26
Place of Supply
Goods supplied within GCC
B2B Exports to GCC

− Export of goods: place of supply is the other GCC State (e.g. KSA) provided
the customer is registered for VAT in that GCC State, and the goods are
exported outside the UAE

UAE

KSA

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Place of Supply
Services (1/2)
Basic rule = where the supplier has their place of residence
Specific rules =

Place of supply of services

Place of supply of services
supplied by a person that is
supplied to recipients who are
not resident in the UAE to a
VAT registered in another GCC
business that is resident in
State is that other GCC State
the UAE is in the UAE

Place of supply of services

Place of supply of restaurant,
relating to the installation of
hotel and catering services is
goods is where the service is
where they are performed
performed

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Place of Supply
Services (2/2)
Specific rules =

Place of supply of real estate Place of supply of transport

services is the location of services is where the
the real estate transport begins

Place of supply of a means of Place of supply of

transport to a person not telecommunications and
registered for VAT in the GCC electronic services is where
is where the goods are put the services are actually
at the disposal of the used and enjoyed by the
recipient recipient

Place of supply of cultural, artistic,

sporting, educational or similar services
is where they are performed
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Place of Supply
Services - Reverse charge mechanism

• VAT registered purchaser has to account for VAT in respect of supplies

• Typically used for cross-border transactions to relieve a non-resident supplier from the
requirement to register and account for VAT in the country of the purchaser

• The purchaser will account for VAT on its normal VAT return and he may be able to
claim that VAT back on the same return, subject to the normal VAT recovery rules

• It will apply in UAE in the situations where a VAT registered person imports goods or
services into the UAE which would be subject to VAT if purchased in the UAE

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 Place of Supply
Reverse charge mechanism - example
UAE UAE UK UAE
Legal Advice Legal Advice
AED 10,000+ 5% VAT AED 10,000

International Border
The law firm The company The UK firm The company
declares declares AED is not declares AED 500
AED 500 as 500 as input registered in as input tax AND
tax collected tax paid to the the UAE and AED 500 as output
law firm which files no return tax. This is reverse
is recoverable charging

Net result of Reverse Charging = puts local and international

suppliers on the same footing
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Date of supply: When to account for output VAT on
supplies (1/2)
Basic tax point for goods

• Date of removal of goods (in case of supply of goods with transportation) [Article
23(2a); GCC VAT Agreement]

• Date on which goods made available to customer (in case of supply not involving
transportation) [Article 23(2b); GCC VAT Agreement]

• Date of assembly/ installation (supply of goods involving assembly or installation)

[Article 23(2c); GCC VAT Agreement]

Basic tax point for services

• Date on which performance of service is complete [Article 23(2d); GCC VAT

Agreement]

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 Date of supply: When to account for output VAT on
supplies (2/2)
Special tax point

• If any of the following event take place before the basic tax point, it will considered as the
tax point for accounting for VAT [Article 23(1); GCC VAT Agreement]:

• Payment is received
• Tax invoice is issued

Tax point for supply of continuous services

• In case of continuous services over a period of several months or years, the time of
supply for will be the earlier of [Article 23(3); GCC VAT Agreement]:

• Receipt of payment
• Issuance of tax invoice
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Date of Supply
Example 1

Time of
supply

Goods delivered to Invoice

customer issued

1 March 1 April
2018 2018

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Date of Supply
Example 2

Time of
supply
Payment received Service Service
from customer started completed

1 March 1 April 1 May

2018 2018 2018

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 Net Tax Payable
• VAT-registered businesses will submit a “VAT return” document to the FTA on a periodic
basis mentioning all output tax due and input tax recoverable for the period
NET VAT PAYABLE
OR CREDIT
• Net VAT payable or credit recoverable will be calculated as the following:
(to/from the FTA)

OUTPUT TAX INPUT TAX NET VAT PAYABLE

(VAT collected from (VAT paid to OR CREDIT
customers) suppliers) (to/from the FTA)

• “Final consumers” (i.e. persons not registered for VAT) do not submit VAT returns and
cannot recover the VAT they are charged

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Input Tax Recovery Conditions
In order for input tax to be deductible by a person, a number of conditions must be satisfied
by the recipient of the supply:

1) Recipient must be a taxable person and must be registered for VAT

2) VAT on the purchase must have been correctly charged by the supplier

3) The goods or services have been acquired for an eligible purpose

4) Recipient must received and retained a tax invoice evidencing the transaction

5) The amount of VAT which the recipient seeks to recover must have been paid in whole
or in part, or intended to be paid in whole or in part

6) Certain incurred VAT is specifically blocked from being recoverable as input tax
regardless of whether the above conditions have been met
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Input tax apportionment
*Note: in certain No*
special cases No
Business?
input tax related recovery
to non-business
activities will be Yes Yes
recoverable
Yes

Taxable Mixed Exempt

Calculate recoverable portion of

‘mixed’ input tax by reference to the
ratio of input tax relating to taxable
supplies to the total input tax incurred
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Registration: Who is required to register for VAT
• Every taxable person resident of a member state whose value of annual supplies
in the member state exceeds or is expected to exceed the mandatory registration
threshold

The threshold for registration will be:

– Mandatory registration threshold: AED 375,000
– Voluntary registration threshold: at least AED 187,500

Threshold will be calculated as follows:

– Total value of supplies made by a taxable person for the current month and the
previous 11 months; or
– Total value of supplies of the subsequent 30 days
– Value of exempted supplies will not be considered for computing the annual
supplies
No threshold applies to non established taxable persons – they may be required to
register
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VAT Registration
Turnover Calculation
• For the purposes of voluntary VAT registration:
➢ only taxable supplies are counted
➢ a person may take into account taxable supplies or expenses which were subject to
VAT
• Exempt supplies and supplies outside the scope of VAT are not used in calculating the
VAT registration thresholds

“Taxable Supplies” include:

• Standard rated supplies

• Zero-rated supplies
• Reverse charged services received (provided the taxable person is
responsible for accounting for the tax); and
• Imported goods (provided the taxable person is responsible for
accounting for the tax).
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VAT De-registration
• A Taxable Person who is registered for Tax purposes shall apply for de-registration in the
following cases:
➢Cessation of the Economic Activity
➢Cessation of Taxable Supplies
➢The value of the Taxable Person’s supplies falls below the Voluntary
Registration Threshold as per Article (51) of this Agreement [Article 54(1); GCC
VAT Agreement].
• The Taxable Person may apply for de-registration if the total annual revenue of its
business falls below the Mandatory Registration Threshold but is over the Voluntary
Registration Threshold [Article 54(2); GCC VAT Agreement].
• Each Member State may determine a minimum period to keep the Taxable Person
registered for Tax purposes as a requisite for de-registration [Article 54(3); GCC VAT
Agreement].
• Each Member State may determine the terms and limitations necessary to reject a de-
registration application or to de-register a Taxable Person in cases other than those
mentioned in the first and second clauses of this Article [Article 54(4); GCC VAT
41
Agreement].
VAT Groups - Registration
➢ Each Member State may treat the Tax Group as a single Taxable Person
➢ Two or more persons carrying on a business are able to apply for a single “Group”
VAT registration where:
• Each person has a place of establishment or a fixed establishment in the UAE
• The persons are “related parties”, and
• Either one person controls the others, or two or more persons form a partnership
and control the others

Two or more persons carrying VAT group – for VAT purposes

on a business (subject to the persons are now treated as
grouping conditions) a single taxable person
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VAT Groups - Registration
➢ Effect: entities within the VAT group are treated as one entity for VAT purposes

➢ Results:
• supplies made between members of a VAT group are disregarded from VAT (i.e.
no VAT is due on the supplies)
• Supplies made by the VAT group to an entity outside the VAT group are subject
to normal VAT rules

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Supplies within scope of VAT in the GCC Treaty:
Type of supplies
• GCC VAT Agreement provides that the VAT will be charged at a standard rate of
5% unless the goods or services are exempt, zero rated or out of scope [Article 25;
GCC VAT Agreement]

• Each member state will have the flexibility to either exempt or zero rate the
following type of supplies [Article 29(1); GCC VAT Agreement]:

• Education

• Real Estate

• Health

• Local transport

44
VAT liability
Planned zero-rated supplies in the UAE (1/2)
• Zero - rated supplies are not subject to VAT – right to an input tax deduction on the
corresponding expenses
• Should be applied strictly as they are an exception to the normal rule that VAT should be
charged.
• Examples of zero- rated supplies include:

International Certain supplies

transport of of means of New residential
passengers and transport, and buildings
goods, and related goods
services related and services
to such transport

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VAT liability
Planned zero-rated supplies in the UAE (2/2)
Examples of zero- rated supplies include:

Newly converted Educational

residential Charity related
buildings services, in most
buildings cases

Healthcare
Exported Investment services, in most
goods and precious metals cases
services

46
VAT Liability
Exempt supplies in the UAE
• Exempt supplies are not subject to VAT – no right to an input tax deduction on the
corresponding expenses.
• Exemptions should be applied strictly as they are an exception to the normal rule that
VAT should be charged.
• Examples of exempt supplies include:

Some specific Local Residential

financial passenger buildings (other
services transport than zero-rated
supplies)

Bare land

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Record-keeping
The following records are required to be kept to ensure accurate tax compliance:

1 2 3
Books of account Additional records Any other
and any information required for specific information as direct
necessary to verify taxes by the FTA that may
entries, including, be required in order to
but not limited to: Different taxes may confirm, the person’s
require different liability to tax,
• annual accounts; records to be kept in including any liability
• general ledger; order for taxpayers to register.
• purchase day to be compliant, for
book; example, a VAT
• invoices issued or account.
received;
• credit notes and
debit notes.
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Record-keeping
Taxable persons for VAT must in addition retain the following records for at least 5 years:

Invoices, credit/debit notes Records of: VAT account

❖All supplies and

❖All tax invoices and imports of goods and ❖VAT due on taxable
alternative documents services supplies (incl. those
related to receiving the pursuant the reverse
goods or services ❖Exported goods and charge mechanism)
services
❖All received tax credit ❖VAT due after error
notes and alternative ❖Goods and services
that have been correction or
documents received adjustment
disposed of or used for
❖All tax invoices and matters not related to ❖VAT deductible after
alternative documents business error correction or
issued adjustment
❖Goods and services
❖All tax credit notes and purchased for which ❖VAT deductible for
alternative documents the input tax was not supplies or imports
issued deducted
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VAT Invoices Written document
which records the
details of a taxable
supply made

Where the invoice

amount is a Only a VAT
fraction of a fils, registered
the amount should business can issue
be rounded to the a tax invoice
nearest fils

Invoices issued
Invoice must be and received
issued within 14 should be kept for
calendar days of a minimum of 5
the date of supply years
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VAT Invoices
S
The issuance of a valid tax invoice may dictate the time of supply,
U and therefore determine in which tax period the output tax should be
P accounted for
P
L
I
E A VAT registered business must issue a tax invoice to the recipient
of a domestic taxable supply of goods or services
R

C
U In certain conditions, the customer may be able to issue a “self-
S billed” tax invoice on behalf of the supplier
T
O
M
The receipt of a valid tax invoice is the primary documentary
E
evidence to support the recovery of VAT incurred by the purchaser
R
51
VAT Invoices
To be valid, a VAT invoice issued by a taxable person needs to include the following
information, but not limited to:

• A sequential number which uniquely identifies the document

• The date of issue of the invoice

• The time of supply (only if different from the invoice date)

• The name, address and TRN of the supplier

• For each description, the quantity of goods or extent of services supplied, the rate of
VAT and amount payable, expressed in UAE Dirham

• The total amount of VAT expressed in UAE Dirham together with the rate of exchange
applied and the source of that rate, as below

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VAT obligation - Tax Return filing & Payment

• Submission online and only in very limited circumstances

(and at the sole discretion of the FTA) on paper

• Deadlines for submission and payment:

− the due date will be within the month following the
end of the return period and announced by the
Executive Regulations
− where the due date falls on a weekend or national
holiday, the deadline shall be extended to the first
following working day

• Late submission or payment can result in a penalty levied by

the FTA

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Errors and how to correct them
VAT Invoices

54
Errors and how to correct them
Tax Returns

• Where an error has been made on a VAT return submitted within the last 5 years,
then the taxable person must disclose this error to the FTA within 30 days of
becoming aware of the error.

• Depending on the nature of the error and the amount of tax under / over declared,
the adjustment to take account of the error could be made:
➢ either on the next tax return due for submission;
➢ or via a separate voluntary disclosure to the FTA.

• It is recommended that errors in VAT returns are corrected as quickly as possible.

55
Reporting of transactions at an Emirates level
• Taxable Persons will be required to report details of the value of supplies made in
each Emirate on their VAT returns.

• The mechanism for the allocation of supplies made in each Emirate will be
announced in the Executive Regulations.

56
 Not less than 500 dirham
and not more than 3 times
Penalties the amount of tax for which
the penalty was levied
Administrative Penalties - Examples
• Administrative penalties are intended to address non-compliance, and encourage
compliance.

• The FTA has the power to waive or reduce penalties at its discretion (e.g. taxable
person has a reasonable excuse for the error).

• Few examples of administrative violation:

❖If the person conducting a business fails to keep the required records and
other information;

❖If the person conducting a business fails to submit the data, records and
documents related to tax in Arabic language when requested by FTA;

❖If the taxable person fails to submit a registration application within the
period required.

57
 Up to five times the
Penalties relevant tax at stake
Tax Evasion Penalties - Examples
• The FTA can issue penalties for tax evasion.

• Tax evasion is where a person uses illegal means to either lower the tax or not pay
the tax due, or to obtain a refund to which he is not entitled under law.

• The imposition of a penalty under tax law does not prevent other penalties being
issued under other laws.

• Few examples of instances of tax evasion:

❖Where a person deliberately provides false information and data and

incorrect documents to the FTA;

❖Where a person deliberately conceals or destroys documents or other

material that he is required to maintain and provide to the FTA.

58
Audits
The FTA can visit businesses to inspect records and make sure persons are paying or
reclaiming the right amount of tax.

1 2 3 4
FTA will apply FTA will usually If audit at the FTA can close
risk based conduct the person’s place, the place of
selection audit at the must be business for up
criteria to person’s place informed at to 72 hours
determine of business or least 5 (e.g. suspect
whom to audit at the FTA business days tax evasion)
offices prior to the audit
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Audits

10

5 6 7
FTA officer may The FTA may The audited
request original also remove person should
records, take records, be notified of
samples of documents the results of
merchandise, and samples the tax audit
mark assets to within 10
indicate they business days
have been of the end of
inspected the audit

60
Contesting Decisions
If a taxable person is not satisfied with a decision by the FTA, they will be allowed to
contest the decision. The FTA offers three levels of escalation for dispute resolution.

Reconsiderations Appeals Litigation

61
Working together towards a
successful implementation

62 62
Future industry sessions
Industry specific sessions are also planned for businesses operating in the
following sectors:

• Import and export of goods • Public Sector

• Oil & Gas • Import and export of services

• SMEs and Entrepreneurs • Education and Healthcare

• Real Estate • Financial services

• Consumer business • International organisations & diplomatic

missions

63
Q&A

64 64
Thank You

WWW.MOF.GOV.AE

UAEMinistryofFinance

MOFUAE

MOFUAE

MOFUAE

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