The Ministry of Finance (MoF) has announced that starting from 1st January, 2023, director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to value added tax (VAT).
Meanwhile, VAT will still apply on the director services for legal persons serving as board members that delegate a natural person to act in the name of the legal persons as a member of the board of directors.
Source Zawya.com
Latest Posts in "United Arab Emirates"
- Declaration of Tax Group Eligibility and Compliance Summary
- Key Highlights of Ministerial Decision No. 243 & 244 of 2025 on Electronic Invoicing
- UAE e-Invoicing 2025: Key Rules, Timelines, and Actions for Businesses Under MD 243 & 244
- Federal Tax Authority Revises Turnover Declaration Rules for VAT Group Registrations
- UAE E-Invoicing: Digital Transformation, Compliance, and Efficiency for Micro Enterprises and Businesses
