There have been two notable VAT developments in the UAE:
- A new reporting requirement will apply to certain businesses as from 1 July 2023; and
- As from 1 March 2023, all errors in VAT returns must be reported to the Federal Tax Authority (FTA).
Source BDO
Latest Posts in "United Arab Emirates"
- ZATCA Announces 24th Wave of E-Invoicing Phase 2 for VAT-Eligible Taxpayers
- UAE Updates VAT Guide: New Rules on Input Tax Apportionment and Recovery Percentage
- UAE Implements New E-Invoicing System with Amended VAT Regulations and Ministerial Decisions
- UAE Unveils Phased Implementation of National E-Invoicing System
- RTC Webinar Recording & Slide deck: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities