FTA publishes declaration instructions for the new VAT rates
On June 16, 2023, the Federal Tax Administration (FTA) published declaration guidance for the new VAT rates that will apply beginning January 1, 2024.
The instructions use examples to explain what to look out for in the declaration.
The new tax rates are applicable for the first time for the 3rd quarter 2023, for the 2nd semester 2023 and for the month of July 2023.
The instructions are available here .
Further information in connection with the increase in VAT rates is available here .