January 1, 2023, will mark the beginning of a new UAE taxation period, with significant changes taking place in the VAT area. The majority of changes will be related to tax compliance and auditing, with some good news for the exporters in the UAE. Please find an overview of the changes below.
- Tax audits
- Export updates
- Input credit
- VAT on retention payments
- Deemed supplies
Source: 1stopvat.com
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