Value Added Tax (VAT) has had a great impact on the UAE businesses since its introduction in 2018. The impact of VAT cuts across a diverse range of business sectors including transportation services in the UAE. Article 46 of the VAT Decree-Law, states that the supply of local passenger transport services is exempt from VAT in the UAE. In light of this, a major question arises whether the B2B supply of transportation service is exempt from VAT or should be treated as a taxable supply.
Source: jcauaeaudit.com
Latest Posts in "United Arab Emirates"
- Refund Scheme for Business Visitors
- RTC Webinar: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities, 25 September | 4 – 5 PM (Dubai)
- Guide to Using FTA’s Maskan Supplier Portal for VAT Refunds on New Homes
- UAE eInvoicing Guide: Key FAQs for Business Compliance and Transition
- UAE Simplifies VAT Recovery Documentation for Imported Services Under Reverse-Charge Mechanism