Debentures are payments for allocation of seats in a school made by either corporate entity or by an individual. Considering that supply of educational services is zero-rated it is important to analyse the applicability of VAT on such consideration received by educational institutions.
Source: gccfintax.com
Latest Posts in "United Arab Emirates"
- UAE’s PINT AE v1.0.1 Released: Key Step Towards Mandatory E-Invoicing by 2026
- VAT Responsibilities and Treatment for Imported Goods on Behalf of Another in UAE
- UAE VAT Refund Deadline for Non-Resident Businesses Closed on August 31, 2025
- UAE Companies Urged to Prepare for VAT E-Invoicing by July 2026 Deadline
- UAE Adopts PINT AE v1.0.1 for 2026 E-Invoicing Compliance with VAT Regulations