The UAE’s latest amendment on the VAT Executive Regulations is perceived to be having an impact on the zero-rating of exported services. The amendment has gained considerable attention as it happens to be the first amendment to the VAT legislation nearly two and a half years after the introduction of VAT in the UAE. A considerable change has been made to Article 31(2) of the VAT Executive Regulations which is about how a person qualifies for being considered as ‘outside the state’.
Source: jcauaeaudit.com
Latest Posts in "United Arab Emirates"
- UAE Introduces 24-Month Grace Period for VAT Group E-Invoicing on Intra-Group Transactions
- UAE Releases Electronic Invoicing Guidelines: Scope, Timelines, and Requirements for All Businesses
- UAE E-Invoicing Rules: Scope, Formats, Deadlines, and Penalties for Businesses Explained
- UAE E-Invoicing Compliance: Peppol 5-Corner Model, XML Standards, and FTA Reporting Deadlines
- UAE E-Invoicing Guidelines: Scope, ASP Selection, Mandatory Fields, Roles, Onboarding, and Compliance
