DORMAN SMITH POLICY ON VAT
The Government of UAE plans to introduce Value Added Tax, commonly referred to as VAT, from the 1st of January 2018. VAT is an indirect tax, currently implemented in over 150 countries globally. VAT in the UAE will be introduced at a standard rate of 5%. As a general consumption tax, VAT will apply to the majority of transactions goods and services unless specifically exempted by law.
In light of this, all invoices raised by Dorman Smith entities in the UAE, post 31st December 2017 will be subject to VAT as per the Government rules and regulations applicable at the time. Please read our announcement regarding the same. For more information on VAT, please visit https://www.mof.gov.ae/En/budget/Pages/VATQuestions.aspx
