A number of scrap dealers in the United Arab Emirates are on the verge of bankruptcy as a result of an export levy imposed on steel scrap by the UAE's Ministry of Finance and Industry, officials said.

The UAE will introduce a reverse charge mechanism for value-added tax (VAT) on scrap-metal trading between registered businesses from 14 January 2026, following a new Cabinet decision announced by the ...

Reverse charge mechanism aims to reduce tax fraud and improve efficiency in scrap trade Add as a preferred source on Google Under the current system, scrap metal suppliers charge VAT to their ...

The Ministry of Finance has announced a Cabinet Decision that will change how Value Added Tax (VAT) is applied to metal scrap trading in the UAE. Cabinet Decision No. 153 of 2025 will come into effect ...

Ministry of Finance has announced Cabinet Decision No. 153 of 2025, setting out the application of the reverse charge mechanism on the trading of metal scrap between VAT-registered businesses in the ...

UAE's Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. 153 of 2025 regarding the application of the reverse charge mechanism on trading of metal-scrap between registrants ...

DUBAI - UAE's Dh15-billion scrap business is badly hit following the imposition of new export taxes and overseas government restrictions aimed at preventing the import of hazardous waste, traders ...

Your SIM card could be used to steal your money See how UAE became hub of global humanitarian response See how UAE’s first nuclear energy plant was built Pictures of beautiful mosques in UAE Sharjah: ...