The UAE Federal Tax Authority (FTA) issued Profit Margin Scheme VAT Guide - VATGPM1 on 5 January 2026. Some of the key points covered in the guide are summarized as follows:

• The scheme is intended to avoid the cascading of VAT, in cases where VAT can, generally, not be fully recovered, including where:
  • a reseller purchases goods from a non-registered seller, or from a seller who also accounte…