- Amends UAE VAT law effective January 1, 2026.
- Exempts businesses from issuing self-invoices for imports under the reverse charge, but requires proper documentation.
- Sets a five-year deadline to request VAT refunds after clearing procedures.
- Allows the tax authority to deny input VAT deductions if linked to tax evasion.
- Requires businesses to verify the validity of supplies before claiming input VAT deductions.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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