by PREMA Team | Aug 5, 2025 | Corporate Tax, Other Tax, VAT
The Ministry of Finance and the Federal Tax Authority (FTA) in UAE have announced a major revision to the excise tax structure applied to sugar-sweetened beverages (SSBs), introducing a new tiered volumetric model that links the tax per litre to the beverage’s sugar...
by Danissa Guotana | Jul 25, 2025 | Business, Corporate Tax, Other Tax, VAT
The UAE has emerged as the world’s most attractive destination for wealth preservation, with Abu Dhabi and Dubai topping the newly released Tax Friendly Cities Index 2025 by global mobility platform Multipolitan. The report underscores the UAE’s status as a global hub...
by PREMA Team | Jul 21, 2025 | Corporate Tax, VAT
On Sunday the FTA revealed the results of these systems for the first half of the year, including the VAT refund system for new residences for UAE nationals and the VAT refund system for tourists. The FTA announced that, since the launch of the service approximately...
by PREMA Team | Feb 20, 2025 | Corporate Tax, Other Tax, VAT
The UAE is clamping down on counterfeit cigarettes and soft drinks as it boosts tax compliance with massive increase in field inspections. In efforts that support the protection of consumer rights, the Federal Tax Authority (FTA), in cooperation with the relevant...
by PREMA Team | Jan 13, 2025 | VAT
Abu Dhabi: The Ministry of Finance announced on Friday that it is expanding the application of the reverse charge mechanism to include precious metals and stones among VAT-registered businesses in the UAE. The Ministry announced the issuance of Cabinet Decision No....
by PREMA Team | Dec 17, 2024 | VAT
he UAE has introduced a new system for tourists to receive VAT refunds on e-commerce retail purchases in the country. The Federal Tax Authority (FTA) has launched a new VAT refund system for e-commerce retail purchases for tourists during their stay in the...
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