UAE Reduced Penalties for Certain Tax Violations
On April 14, 2026, the new Cabinet Decision No. 129 of 2025 regarding administrative penalties for violations of tax laws in the UAE came into force (originally Cabinet Decision No. […]
Tag: VAT
Value Added Tax (VAT) in Cyprus
The correct application of VAT becomes particularly important when Cypriot companies are actively used in cross-border trade in goods and services, as well as in business structuring. A clear understanding
Amendments to the UAE Tax Procedures Law
On 25 November 2025, amendments to the Federal Decree-Law No. 28 of 2022 on Tax Procedures were published in the UAE (the “Law”). These amendments set forth in Federal Decree-Law
Implementation of the Electronic Invoicing System in the UAE
On 29 September 2025, the UAE Ministry of Finance published two decisions regarding the implementation of the Electronic Invoicing System for business transactions. All VAT-registered businesses must transition to e-invoicing
Value Added Tax (VAT) in the European Union countries
The rates shown in the table below are current as of 2025. EU Member State Standard VAT rate, % Austria 20 Belgium 21 Bulgaria 20 Croatia 25 Cyprus 19 Czechia
The European Value-Added Tax (VAT) on the Supply of Services
VAT in the European Union is an indirect tax governed by uniform principles established in the EU Directive. Companies operating in EU Member States, as well as their suppliers or
VAT on cryptocurrency mining: the UAE FTA’s clarifications
In January 2025, the Federal Tax Authority (FTA) of the United Arab Emirates issued a public clarification paper regarding VAT on cryptocurrency mining. Value Added Tax (VAT) is an indirect
UAE Publishes Updated VAT Rules
The UAE Cabinet Decision No. 100 of 2024 significantly amends the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (the “VAT Law”). The Executive
Value-added tax (VAT) in the UAE
Value-added Tax (VAT) is an indirect tax charged by a company on supplies of goods and services at each step where added value appears – from manufacturing to sale to