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"
- FTA Publishes Guidance EXTP012 on Shifting to Tiered Volumetric Excise Tax for Sweetened Drinks
- UAE MoF Issues New Rules on Free Zone Corporate Tax Activities, Effective June 2023
- 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
