Amendments to VAT Reporting Requirements: Electronic Commerce Supplies and record keeping requirements

On 24th February  2023, the FTA has issued a new VAT Public Clarification VATP033, detailing the reporting requirements for e-commerce supplies in the country. The clarification outlines that from 1st July, Qualifying Registrants must report their e-commerce supplies in box 1 of the VAT return based on the Emirate in which the goods or services are received by their customers.

To be considered a “qualifying registrant,” taxable persons supplying goods and services through e- commerce must exceed AED 100 million in a calendar year.

Source: gccfintax.com

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