Value Added Tax ("VAT") is regulated by the Federal Decree-Law No. 8 of 2017 on Value Added Tax and its amendments ("Decree-Law") and Cabinet Decision No. 52 of 2017 on the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax, and its amendments ("Executive Regulation").
The Executive Regulation was amended by Cabinet Decision No. 100 of 2024 on the Amendment of Some Provisions of the Cabinet Decision No. 52 of 2017 on the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax ("Cabinet Decision No. 100") that became effective on 15 November 2024.
In this Public Clarification, where relevant, the Executive Regulation prior to 15 November 2024 is referred to as the "Previous Executive Regulation" and the Executive Regulation amended by Cabinet Decision No. 100 with effect from 15 November 2024 is referred to as "New Executive Regulation".
This Public Clarification is intended to illuminate the main changes to the Executive Regulation.
The follo...