In brief
The Ministry of Finance in UAE has published Cabinet Decision No. (91) of 2023 (the ‘New Decision’) on the application of a new Reverse Charge Mechanism (the ‘New Mechanism’) on the local supplies of electronic devices, for Value Added Tax (‘VAT’) purposes.
The New Decision was published in the official gazette on 30 August 2023 and will come into effect after 60 days from its publication date.
-
Summary of the application and conditions of the New Mechanism
Source: KPMG
Latest Posts in "United Arab Emirates"
- UAE’s PINT AE v1.0.1 Released: Key Step Towards Mandatory E-Invoicing by 2026
- VAT Responsibilities and Treatment for Imported Goods on Behalf of Another in UAE
- UAE VAT Refund Deadline for Non-Resident Businesses Closed on August 31, 2025
- UAE Companies Urged to Prepare for VAT E-Invoicing by July 2026 Deadline
- UAE Adopts PINT AE v1.0.1 for 2026 E-Invoicing Compliance with VAT Regulations
