Published On - May 17, 2020
Import of Goods / Services
Following the introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) on 1 January 2018, VAT became due on the import of goods into the UAE. ...
Published On - May 17, 2020
Transfer Of business as Going Concern (TOGC)
On 20 August 2019, the United Arab Emirates (UAE) Federal Tax Authority (FTA) issued value added tax (VAT) public clarification VATP015 on the transfer of a business as a going concern (TOGC)....
Published On - May 17, 2020
Disbursements & Reimbursements
VATP013 discusses transactions where a person incurs expenses and then recovers these expenses from another party, and sets out the criteria for determining if the recovery is a ‘disbursement’ (out of scope of VAT) or ‘reimbursement’ (within scope of VAT)....
Published On - May 17, 2020
Business-to-Business Supplies of Healthcare Services
A supply of healthcare services may only be zero-rated if the recipient of the supply is also the person who receives the treatment....
Published On - May 17, 2020
Donations, Grants and Sponsorships
A taxable person may receive payments in the nature of donations, grants and sponsorships from third parties including but not limited to employees, customers, suppliers etc....
Published On - May 17, 2020
Bank Interest and Dividends
Passively earned interest income generated from bank deposits, dividend income received by merely holding shares in a company does not constitute consideration for a supply therefore, outside the scope of VAT....
Published On - May 17, 2020
VAT refund for building new residences by UAE Nationals
VAT Refund for UAE National is a special refund scheme available in the UAE VAT law for supporting the UAE Nationals. ...
Published On - May 17, 2020
VAT on Transportation
Only buses or trains which are designed or adapted to be used for the mass transport of individuals, without being restricted to a specific category of users, shall qualify to be supplied at the zero rate....