Now these time Online Shopping increasing in the Middle East. That is the main reason is to grow the consumers in the Middle East. 73% of the Middle East online consumers made their first online purchase within the past two-three years.“Online shopping trends in the Middle East” that is the fact for the latest online shopping statistics.
The Dubai is famous for the architecture and the Oil-gas industry. While Dubai is focused on the Store and Mall and much of the rest of the UAE has been focusing on building and developing malls and large department stores, online shopping hasn’t been taken advantage of, most of them for trustworthy department stores.
The Dubai is famous for the architecture and the Oil-gas. While Dubai is focused on the Store and Mall and much of the rest of the UAE has been focusing on building and developing malls and large department stores, online shopping hasn’t been taken advantage of, most of them for trustworthy department stores. Recently, the VAT has been introduced in UAE and most of the value is under the VAT now be also discuss on this.
There are a few online stores in UAE, everyone knows the none of them are able to offer trustworthy brands and products, as well as offer the lowest shipping rates possible.
Is online shopping under the VAT?
Recently The Federal Tax Authority (FTA) has confirmed that all purchases made through online shopping portals are subject to the same 5% Value Added Tax (VAT)and purchase made through traditional outlets all VAT for the online shopping. All shopping VAT is to be received from the United Arab Emirates.
The Authority of the Government explained in an awareness flyer issued today that according to
Federal Decree-Law No. (8) of 2017 on Value Added Tax and its Executive Regulations, all online sales are subject to VAT.
After the VAT launched The Federal Tax Authority (FTA) has confirmed that all purchases made through the online shopping portals and product are subject to the same 5 per cent Value Added Tax (VAT) as any other purchase made through traditional outlets if the purchased online are receiving within the UAE government.
Tax and its Executive Regulations, all online sales are subject to VAT where a seller’s supplies exceed the mandatory registration threshold of Dh375,000 over the previous 12 months or the coming 30 days.
