UAE’s Tech, Electronics Suppliers need to Relook their VAT Processing on B2B Deals from Oct. 30

The switch to Reverse Charge Mechanism (RCM) on B2B supplies of tech and electronics will bring much needed relief to UAE traders and exporters.

As in the gold and jewellery sector, this arrangement means VAT on supplies of tech and electronic devices need not be charged by the suppliers. Instead, this should be accounted for by the buyers in their VAT returns.

Source: gulfnews.com