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UAE - Ministry of Finance (Federal Tax Authority) yet to be introduced VAT road-Map & implementation.
However, it's concluded that, w.e.f. 1st Jan,2018 VAT Tax shall be introduced among all GCC nations.
current expected VAT rate shall be @ 5% on several goods excluding Education, Health-care & other Government services.
As per latest updates there may NOT be required to registration for Small Businesses/SME's for which Taxable Turnover shall be notified by MoF (FTA) shortly.
However, all entities must maintain transactions details to safeguard future Tax Notices/ Compliance.
FTA may introduce Tax Schedules i.e. Zero %, Exempted, Taxable & Special rates & etc.,
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Thanks
Rajesh
