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.
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.
VAT compliance is not merely a statutory obligation; it is an essential component of accountable and sustainable business operation inside the UAE. Whether you are primarily based in Dubai, Abu Dhabi, Ras-Al Khaimah, or running throughout multiple emirates, professional assistance from The First Check Consultants could be a tremendous distinction.