Is there VAT?

Updated:

There is a VAT of 5% applicable on your transaction fees when using Mamo Pay for Business (5% of the fees only, not the total payment amount). 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's transaction fee will be reflected in your settlements.

If you are registered for VAT you will be able to claim this back in your own tax returns.

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

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