How is my VAT calculated for the UAE/GCC region?

Understanding VAT on Trading Fees

Whenever a trade is successfully executed on our platform, a fee (inclusive of VAT) is deducted. Here’s how VAT is applied and how you can access detailed information:

How VAT is Applied:

• A flat 5% Value Added Tax (VAT) is included in the fee shown to you.
• This is in accordance with UAE Federal Decree-Law No. (8) of 2017 on Value Added Tax.
• VAT is calculated as 5% of the fee component and is not charged additionally—it is already included in the displayed fee.

VAT in Dubai and the GCC Region:

• VAT was introduced in the UAE on January 1, 2018, and applies to most goods and services, including financial services.
• GCC VAT Framework allows for future harmonization of VAT laws across member states (e.g., Saudi Arabia, UAE, Bahrain, etc.).
• Currently, a 5% VAT rate is standard in the UAE for eligible services unless explicitly exempted or zero-rated.

Need a Detailed Fee & VAT Breakdown?

You can request a complete transaction report showing the fee and VAT breakdown by contacting our support team.

📧 Email us at: support@ofza.com
📎 Mention: "Fee VAT Breakdown Request" in the subject line
📆 Reports are processed within 2–3 business days