The COVID-19 pandemic continues to have a heavy impact on the global economy. The spread of the virus is constraining the supply and demand of goods and services. As a result, companies are considering the potential cancellation of contracts and the impact on their cash flows.
In this special edition of the Middle East Tax Newsletter, we set out the VAT aspects of the potential cancellation of contracts. We also provide suggestions to optimize cash flow positions from a VAT perspective.
Source:bakermckenzie.com
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