Learn how UAE nationals can claim VAT refunds on new homes in 2026. Key changes, documents, and expert tips explained.
The Profit Margin Scheme offers a clear opportunity to reduce VAT liability for eligible businesses. However, it comes with strict documentation and compliance requirements.
With the 2026 guidance from the Federal Tax Authority, expectations are now clearer—leaving little room for error. Businesses should review their processes and ensure proper implementation to avoid penalties and reassessments.
Smartly working to meet these new requirements entails a partnership with compliance & regulatory reporting services in the UAE to avoid the hefty administrative penalties, which have recently been updated.
In the case of several businesses, the function of internal audit consultants in UAE has been one of the factors that have enabled a shift onto the more strategic side, assisting the executives in managing the risks associated with growth and regulation.
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This is a mandatory compliance requirement. Delays or inaccuracies may lead to penalties, inspections, and regulatory scrutiny.
Since its introduction in 2018, VAT in the UAE has been instrumental in diversifying government revenue and ensuring fiscal sustainability beyond oil income. Over the years, the Federal Tax Authority (FTA) has continuously fine-tuned the VAT system through several Cabinet Decisions — such as Nos. 46 (2020), 99 (2022), and 100 (2024) — to address practical challenges and evolving business practices.
On 25 November 2025, the UAE Ministry of Finance (MoF) issued Federal Decree-Law No. 16 of 2025, introducing amendments to select provisions of Federal Decree-Law No. 8 of 2017 (The ‘UAE VAT Law’).
In summary, the Reverse Charge Mechanism for VAT on metal scrap trading represents a significant regulatory change aimed at improving tax compliance and reducing fraud risks in the UAE’s metal scrap sector.
Whether you are a startup coming into the UAE marketplace or a long-term business enterprise adapting to company tax regulations, professional compliance from The First Check Consultants ensures smooth operations from incorporation to ongoing tax compliance while permitting you to focus on what in reality matters: growth and success.