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). The public clarification sets out the conditions that must be met for a transfer to qualify as a TOGC under Article 7(2) of Federal Decree-Law No. (8) of 2017 on VAT (UAE VAT Law).
Source: EY
Latest Posts in "United Arab Emirates"
- UAE eInvoicing Requirements: Implementation Timeline and Compliance Guide for 2026-2027
- Dubai Customs Launches Comprehensive 2030 AI Strategy for Digital Transformation
- UAE VAT Regulations Updated: Electronic Invoicing System Mandatory for Tax Invoices and Credit Notes
- UAE VAT Guide for Cross-Border Amazon FBA Sellers
- UAE E-Invoicing Rollout: Multinationals Must Prepare for 2027 Implementation
