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Grant Thornton UAE VAT Alert – July & August 2019

United Arab Emirates (‘UAE’) Updates:

Decision (1) of 2019 on Maximum Amount of Cash Refunds Under Tourist Refund Scheme
Designated Zones
Designated Charities
List of Accredited Tax Accounting Software Vendors
Public Clarification on Disbursements and Reimbursements
Public Clarification on Options and Option Premiums
Transfer of Business as a Going Concern (‘TOGC’)
Clarifications User Guide – July 2019 Edition
Press Release: FTA Launches Upgraded Website
Press Release: Eligible Goods for Calculating VAT as per ‘Profit Margin Scheme’

Kingdom of Saudi Arabia (‘KSA’) Updates:

Amendments in KSA VAT Implementing Regulations
The General Authority of Zakat and Tax (‘GAZT’) in KSA has issued an English version of the guide explaining the process of filing requests with GAZT.

Bahrain:
VAT Return Modifications
VAT Real Estate Guide
VAT Grouping Requirements

Source: grantthornton.ae

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