The New Taxes in the United Arab Emirates: VAT and Excise Taxes for Individuals and Businesses/ for University and Institute Students


By: Dr. Muhammad Abdullah Swan
IASCA Board Member

This publication comprises of six chapters, which include the (theoretical aspect) that addresses financial accounting, taxes accounting, the evolution and emergence of taxes in the UAE as well as the relation between taxes and businesses and firms, in addition to the implementation of excise taxes.

The practical aspect of the publication, on the other hand, addresses the tax supplies of different sectors and the tax returns in accordance with the Federal Law No (8) for 2017 on VAT, which came into effect in January 2018, and based on the Common VAT Agreement of the Gulf Cooperation Council (GCC). The practical aspect of the publication tackles the financial and accounting matters such as the accounting documents, records, and entries, while ensuring to include applications, applied solutions, and exercises in VAT tax accounting, along with filling in the tax return, and questions for revision, in order to deepen the understanding of the general concepts about VAT and excise tax accounting.

This publication is considered one of the primary references that addresses the new taxes and their application in the country in a comprehensive manner. Due to the scarcity of tax literature and studies in the UAE, the publication meets the needs of individuals, businesses, firms, students, lawyers, researchers, and other concerned parties.

For more details about this publication, please click here