Alwatan, 1 January 2022: The amendment increasing the basic rate of VAT including an increment of up to 10% for goods and services subject to the law will come into force from 1 January 2022.

The National Organization for Revenue has confirmed that 94 goods and 1820 government services are exempted from VAT. However, the other supplies which are subject to the VAT and which have been offered before 1 January 2022 will be subject to 5% VAT.

Any service subject to the basic rate after 1 January 2022 will be subject to a 10% VAT rate.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.