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"
- FTA Announces Tiered Volumetric Excise Tax Model for Sweetened Drinks Effective 2026
- UAE VAT Registration and Deregistration: Key Updates from the 2024 Executive Regulation Amendments
- Essential Guide to FTA Audits in the UAE: Compliance, Triggers, and Preparation Steps
- How UAE Nationals Can Use the Maskan App to Claim VAT Refunds on New Homes
- Briefing document & Podcast: UAE E-Invoicing: VAT Compliance, Timelines, and Requirements
