Business owners should evaluate the implications of the recent changes before they come into effect on January 1, 2023.
- 1. Extended time for a Tax Audit
- 2. Tax audit after Voluntary Disclosure
- 3. Tax Evasion
- 4. Failure to obtain VAT registration
- 5. Good news for 100% exporters
- 6. Additional compliance for input credit on import of service
- 7. Construction sector and retention payments
- 8. Deemed supplies to related parties
Source Khaleej Times
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