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New VAT reverse charge mechanism on local supplies of electronic devices

The Ministry of Finance in UAE published Cabinet Decision No. (91) of 2023 on the application of a new reverse charge 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.

Source: kpmg.com

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