09/10/2026
π’ Big Update for UAE Businesses! π¦πͺπΌThe Federal Tax Authority (FTA) has introduced new 'Know Your Supplier' (KYS) VAT compliance rules! If you're doing business in the UAE, you are now required to verify your suppliers and transactions to ensure your Input VAT recovery isn't rejected.
π Key Highlights:
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Mandatory checks to ensure suppliers are genuine & commercial transactions make sense.
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Protects your business from supplier tax evasion issues.
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Applies to all VAT-registered businesses in the UAE.
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Transactions under AED 10,000 are exempt from these checks!
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Especially critical for SMEs, contractors, and trading/distribution businesses handling multiple vendors.
Don't let non-compliance affect your business! Get expert guidance today. ππ Contact Al Raziq For Consultation:
π² Phone/WhatsApp: +971 505337802
π§ Email: [email protected]
π Website: alraziqaccounting.com