The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
The UAE has reinforced its commitment to supporting key transportation sectors through the implementation of VAT zero-rating rules, as outlined in the latest VAT Executive Regulations. This initiative applies to aircraft, ships, buses, and trains used for commercial or public transportation, providing a significant tax relief to businesses operating in these industries.
Eligible entities engaged in these modes of transport can benefit from zero-rating, meaning their supply of transportation services is taxed at 0%. This move aims to enhance the mobility infrastructure and stimulate economic growth across various sectors.
Business owners and operators are advised to review their compliance protocols and ensure proper documentation to benefit fully from these regulations. Understanding the scope and conditions of the zero-rating rules is essential for maintaining regulatory adherence and optimizing tax planning strategies.
For more details, stakeholders are encouraged to consult the official VAT Executive Regulations or seek professional guidance to follow these updates effectively.
Stay ahead of the curve — partner with Reyson Badger for expert VAT advisory, compliance solutions, and strategic tax planning. Contact us today to make the most of the zero-rating opportunity.
Explore our blog – Understanding VAT Zero-Rating Rules for Transportation in the UAE – for a complete breakdown and expert insights.
