Gulf Co-operation Council countries agreed in 2015 for GCC wide implementation of VAT. UAE as a part of this drive to increase non-oil revenue, has implemented VAT wef 1st Jan 2018. Federal Tax Authority has already been setup which will oversee implementation & enforcement of VAT as well as any other forms of taxation that UAE may implement at any stage in future. Tax Procedures Law, Excise Law & VAT Law alongwith implementing regulations have already been published.