It Has Just Been Announced That Online Shopping Is Subjected To The New VAT Law
It has just been confirmed that online shopping will be getting 5% more expensive as well.
Just now, the Federal Tax Authority confirmed that online sales are subjected to the new Value Added Tax if the products bought are to be received anywhere in the UAE.
They shared this statement
The Federal Tax Authority (FTA) has confirmed that all purchases made through online shopping portals are subject to the same 5% Value Added Tax (VAT) as any other purchase made through traditional outlets if the products purchased online are received in UAE #VAT #UAE pic.twitter.com/lWtq6g1Dai
— DUBAI CITY GUIDE by Cyber Gear (@dcgguide) January 19, 2018
All the details were in a flyer they just published
Publishing an explanation just today, it was stated that in accordance to the Federal Decree- Law No. (8) of 2017 on Value Added Tax and its Executive Regulations, seller’s with supplies that go over the the threshold of AED375,000 are subjected to the new law just as any other traditional outlet.
