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On September 6, 2024, the Federal Tax Authority (FTA) introduced Cabinet Decision No. 100 of 2024, marking significant changes to the UAE VAT Executive Regulation. Although this new decision becomes effective on November 15, 2024, certain amendments will have retroactive applicability from January 1, 2018. The decision involves the addition of two new articles and the revision of thirty-three existing provisions, resulting in substantial updates that affect nearly half of the regulation’s articles.
These amendments reflect a broad overhaul designed to align the regulation more closely with evolving compliance standards and economic needs. This analysis explores the most impactful changes, outlining how they may affect UAE taxpayers and businesses alike. The retroactive aspect of some amendments may require affected entities to review past transactions, potentially leading to adjustments in their historical VAT compliance.
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Andrey provides legal support in taxation projects that involve tax advice, support in tax disputes and in all surrounding issues that may affect the implementation of tax advice. This includes economic substance, corporate and civil issues pertinent to tax, mergers and acquisitions of companies with multinational corporations being involved, and in major investment projects. Andrey’s expertise in local tax legislation and the interpretation of local tax regulation have been a notable feature of his support for clients that have expanded their business to such markets as India, China, Mexico, Venezuela, Argentina, Brazil, Paraguay, Peru, Italy, Hungary, Kazakhstan, Belarus, Armenia, Ukraine, Vietnam, Sri Lanka, Laos, and Türkiye.
Andrey has 35 years of experience in tax consulting and tax dispute resolutions, while for more than 20 years he has managed a group consisting of more than 10+ tax lawyers. Andrey also covers personal health care pro bono practice. This part of his professional activity consists of advising patients on medical law, assisting patients in obtaining medicines and medical devices, and providing legal support to patients in disputes with health authorities regarding the provision of expensive medicines. Andrey has been ranked in Chambers Europe 2020 and Chambers Global 2015, while he was marked out by the Pravo-300 2022 directory in band 1 in tax advice and tax litigation. He was recognized by Best Lawyers 2021 and 2022.
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