Dubai- March 7, 2021:

GAZT launches a VAT guide for stores to enable owners of electronic stores to comply with their obligations relating to VAT and guide them how to register, provide acknowledgment and pay tax. The guide includes a definition of electronic stores for those operating through independent websites, social media platforms, smart phone applications or instant chat applications.

The guide clarifies the obligations of the online store owner whose annual sales exceeds 375 thousand riyals annually before the Zakat and Income Authority, which include registering for value-added tax, displaying the tax certificate in the online store, filing tax returns and paying tax liabilities.

The Authority emphasized the necessity for the online store to clearly display the VAT registration certificate in front of consumers, regardless of the electronic sales platform through which the merchant operates in order to avoid imposing fines on the store.

View the VAT guide for e-shops.

Click here to read more.