Taxable persons in the UAE need to be wary of supplies of goods & services composed of multiple elements combined in a single transaction. When such supplies occur, the taxpayers need to determine if they are making multiple supplies or single composite supplies. In case of a ‘Multiple Supply’, the supplier should treat each element of the supply separately for VAT purposes.
If a single composite supply is made, the supplier needs to understand that all elements receive the same VAT treatment. The task of identifying such supplies and determining the VAT rates associated with the supply often leaves the supplier confused. However, the assistance of prominent VAT consultants in Dubai could help them ease the intricacies. Here we are addressing the issues associated with determining Multiple and Single Composite Supplies.
Source: jcauaeaudit.com
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