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 Launches E-Invoicing to Streamline VAT Compliance and Eliminate Manual Payment Processes by 2027
- ENOC Opens Jebel Ali Free Zone Service Station, Expands UAE Network to 207 Locations
- ENOC Opens Jebel Ali Free Zone Station, Expands UAE Network to 207 Locations
- How to Appeal an FTA VAT Decision in the UAE: Step-by-Step Guide
- Understanding VAT in the UAE: Standard, Zero-Rated, and Exempt Categories Explained
