The Ministry of Finance (MoF) has announced that starting from 1st January, 2023, director services undertaken by natural persons serving as members of boards at entities and institutions across the UAE will not be subject to value added tax (VAT).
Meanwhile, VAT will still apply on the director services for legal persons serving as board members that delegate a natural person to act in the name of the legal persons as a member of the board of directors.
Source Zawya.com
Latest Posts in "United Arab Emirates"
- UAE’s PINT AE v1.0.1 Released: Key Step Towards Mandatory E-Invoicing by 2026
- VAT Responsibilities and Treatment for Imported Goods on Behalf of Another in UAE
- UAE VAT Refund Deadline for Non-Resident Businesses Closed on August 31, 2025
- UAE Companies Urged to Prepare for VAT E-Invoicing by July 2026 Deadline
- UAE Adopts PINT AE v1.0.1 for 2026 E-Invoicing Compliance with VAT Regulations