The UAE has always been a hub for international business, with many foreign companies seeking to establish a presence. Most companies appoint local agencies or distributors as representatives.
Besides earning a commission, certain agencies also receive reimbursements for business or store-related costs, marketing contributions, and capital contributions to open or renovate a store. From a VAT standpoint, most companies treat commission income received from foreign principals as ‘export supply’, subject to zero-rated VAT…
- ‘Residency’ change
- Implications in UAE CT too
Source: gulfnews.com
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