Value Added Tax

What is VAT (Value Added Tax)?

VAT is a transaction tax chargeable on the sale of goods, products, and services. The standard rate of VAT is 5%. For Lincoln University of Business & Management, a leading PRIVATE Education Services provider, the supply of academic and other education services made in return for an explicit charge shall be taxable. As a VAT-registered business, LUBM will be required to charge VAT on its services where prescribed under the Law. This would be in addition to the stated prices. Please note that as of January 1, 2018, the fees charged by Lincoln University of Business & Management on all its services provided (the “fee”) will be subject to VAT. Learn more about LUBM.

Invoices / Receipts Issued Before 1 January 2018

The Regulations, once issued, will determine whether, and to what extent, VAT is due on invoices and receipts issued before January 1, 2018, where the actual supply is deemed to be provided on or after the implementation date of VAT. We therefore reserve the right to raise an additional invoice for VAT due on the portion of services charged in 2017 but supplied, consumed, or otherwise derived after implementation.

Future VAT Updates

For further information on VAT, visit the websites of the UAE Ministry of Finance and the UAE Federal Tax Authority ( These contain information on the Law and some FAQs on the introduction of VAT. The latest announcements on VAT will be published on these websites first. Please note that this communication has been prepared for information purposes only and is not intended to provide, and should not be relied on, for tax advice. You should consult your own tax advisors for any tax-related queries you might have.

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