Does Mamo Pay for Business charge VAT?

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Yes, there is a VAT of 5% applicable on your transaction fees (5% of the fees only, not the total payment amount) when using Mamo Pay for Business. Please see an example of how VAT is calculated here.

Mamo Limited is registered for VAT in the UAE, effective February 1st, 2022. This means that a 5% VAT (as per the UAE’s Federal Tax Authority) on top of Mamo Pay for Business’s transaction fee will be reflected in your settlements.

If you are registered for VAT, please ensure to send us your VAT certificate, or you can simply share the TRN and the business address located on the VAT certificate. Once we have this information, we can provide you with Tax invoices for your payments.

To learn more, refer to the Federal Tax Authority’s website or reach out to us at business@mamopay.com

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