26 December 2017

Register your company for VAT before 1 January 2018

With reference to the Federal Law No. (8) of 2017 on VAT that was announced recently and will be implemented in the UAE, we would like to remind our valued clients with taxable supplies above AED 375,000 in the year 2017, to register for VAT before 1 January 2018 by visiting the Federal Tax Authority (FTA) website and follow the required steps. Once you are registered for VAT, please make sure that you provide us with your VAT registration number issued by the FTA, by sending it at at customerservice@rakez.com.
Furthermore, and based on the latest update received from the FTA, all contracts and agreements extending into the VAT effective period, i.e. 1 January 2018 will be subject to VAT on a pro-rata basis. Consequently, RAK Warehouse Leasing LLC will reserve the right to claim for the VAT fees calculated as 5% of the due amount for the period from 1 January 2018 until end of the contract/agreement.
Kindly note that we will be communicating all VAT related updates as more details become available. In the meantime, should you have any question, please contact our Customer Service on 800 RAKEZ (72539), +971 7 2041111 or you can email us at customerservice@rakez.com.

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