Three more free zones added to the list of ‘Designated Zones’ under UAE VAT Law
The UAE VAT Law and the Executive Regulations provide for special treatment of Designated Zones.
Free Zones notified by the Federal Tax Authority (FTA) are identified as Designated Zones for the purpose of UAE VAT Law.
In addition to the existing Designated Zones, FTA recently notified the following free zones as Designated Zones with effect from 18 June 2018:
- Al Ain International Airport Free Zone (Abu Dhabi);
- Al Butain International Airport Free Zone (Abu Dhabi); and
- International Humanitarian City (Jebel Ali).
Given this update, it is very important to anlayse the VAT benefits that would be available to companies dealing in such Designated Zones.
Click here to view the full list of Designated Zones
How can we help
Rethink as an entity provides VAT advisory, optimization, registration, implementation, compliance and training services in the UAE and the GCC. Before you reach your VAT filing due date, contact us for a VAT Health Check and VAT filing assistance.
Our team is here to guide you through the VAT law and regulations and ensure full compliance with the law.
Our team of senior qualified tax advisors, finance experts, and tax accountants will ensure timely and cost-effective VAT services for SMEs.
Based on our local and international experience we understand that VAT is a complex tax and will certainly suffer numerous changes in the upcoming years. Rethink’s VAT services are aimed to suit both basic and complex returns for SMEs and larger enterprises.
Who we are
Re/think is a boutique accounting, audit, advisory, regulatory compliance and tax advisory firm with offices in Dubai and Abu Dhabi (ADGM), focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business lifecycle.
For further information and assistance with VAT, Customs or Excise registration in the UAE or KSA, please contact firstname.lastname@example.org.