UAE VAT Calculator 2024
Calculate VAT Liability & Refunds (5% Standard Rate)
Introduction
🎯 What
Estimates Value Added Tax (VAT) payable on goods/services for the 2024 tax period, supporting Input VAT deduction logic.
👥 Who
Businesses filing VAT returns, accountants, and consumers calculating tax-inclusive prices.
💡 Why
To assist in accurate financial planning and compliance with UAE Federal VAT Law 2024 regulations.
📝 Supply Details
📊 Breakdown
UAE VAT Categories (2024)
Standard Rated (5%)
Most goods and services:
- Electronics & Phones
- Clothing
- Food & Beverages
- Petrol/Diesel
Zero Rated (0%)
Taxable at 0% (Input VAT Recoverable):
- Exports of Goods
- Intl. Transport
- Investment Metals (Gold/Silver)
- Newly Constructed Residential
Exempt (No VAT)
No Tax (Input VAT Not Recoverable):
- Residential Rent (Existing)
- Local Passenger Transport
- Financial Services (Margin based)
- Bare Land
Calculation Examples
Example 1: Standard Supply (Exclusive)
Supply Amount: AED 1,000
VAT (5%): AED 50
Input VAT Paid: AED 0
VAT Payable: AED 50
Total Price: AED 1,050
Example 2: VAT Inclusive with Input VAT
Total Price: AED 1,050
Output VAT: AED 50 (1050 × 5/105)
Input VAT Paid: AED 20
Net VAT Payable: AED 30
Frequently Asked Questions
Q: What is the standard VAT rate in UAE (2024)?
A: The standard VAT rate remains 5% on taxable supplies.
Q: Can I deduct Input VAT?
A: Yes, if you are a VAT-registered business, you can deduct VAT paid on business purchases (Input VAT) from VAT collected on sales (Output VAT) to determine your net payable.
Q: How is VAT included in price calculated?
A: Use the tax fraction: VAT Amount = Total Price × (5 / 105).
Disclaimer: This UAE VAT Calculator 2024 is for informational purposes only. Calculations are based on the standard 5% rate and reflect 2024 rules. Consult a qualified Tax Agent for official filing and compliance.