- The UAE FTA can deny VAT refunds if goods or services are connected to tax evasion anywhere in the supply chain, even if the business did not know.
- UAE businesses have a 5-year deadline to claim domestic VAT refunds.
- Businesses using the reverse-charge mechanism must still keep the required documentation, despite simplified invoicing rules.
Source: mailchi.mp
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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