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Three UAE free zones are out of VAT scope

July 9, 2018

The new addition sees the total designated zones increasing to 23 across the UAE.

 

The UAE's Federal Tax Authority (FTA) has added three new free zones to the list of designated zones that will be out of the five per cent VAT scope imposed earlier this year.

The new addition sees the total designated zones increasing to 23 across the UAE.

Federal Decree Law No. (8) of 2017 on VAT specifies that any area meeting certain conditions and mentioned in the Cabinet decision is termed as designated zone for VAT purposes and should be treated as being outside the state for VAT purposes.

According to the FTA, the newly-added free zones are Al Ain International Airport Free Zone, Al Bateen Executive Airport Free Zone in Abu Dhabi, and International Humanitarian City - Jebel Ali in Dubai. The treatment of these areas as designated zones was effective from June 18, 2018.

 

 

 

 

Source : Khaleej Times 

 

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