Bahrain
- NBR has released version 1.5 of its Imports and Exports VAT Guide, clarifying the strict conditions for zero-rating exports (including documentation and timing) and limiting zero-rating in multi-supply scenarios to the final supply to improve VAT compliance. 🔗
- Bahrain’s NBR has issued version 1.6 of its VAT Real Estate Guide, clarifying VAT treatment of real-estate-related economic activities (including outsourcing, manpower services, and lease incentives) without introducing new legislation, and urging businesses to review their VAT positions accordingly. 🔗
United Arab Emirates
- UAE nationals can claim a VAT refund for VAT paid on qualifying construction services and materials for a newly built or commissioned private residence (used only by the claimant or their family) if the claim is filed by a natural UAE national with valid digital “Family Data,” excluding movable appliances and furniture, following the Federal Tax Authority’s updated application and assessment requirements. 🔗
- From tax periods starting January 1, 2025 (affecting 2026 filings), all UAE free zone Qualifying Free Zone Persons must undergo mandatory audits—no matter their income level—because the prior AED 50 million exemption was removed, requiring audited special-purpose financial statements for qualifying entities with valid free zone trade licenses. 🔗
Latest Posts in "Middle East"
- VATIT Webinar: Middle East e-Invoicing Briefing (Aug 18)
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- VATIT Webinar: The Future of e-Invoicing in the Middle East (Feb 26)
- AI Transforms VAT/GST Compliance Worldwide: What Companies Need to Do to Keep Pace
- Comarch Wins “Most Customizable E-Invoicing Solution 2025” at Taxcom Middle East Summit
