Taxpayers in the UAE need to be aware of the new changes in the UAE VAT regime set to be effective from January 1st 2023. The Federal Tax Authority (FTA) has published the UAE Cabinet of Ministers’ Decision No. 99 of 2022 amending the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (“the UAE VAT Executive Regulations”). The Decision amends the VAT treatment of director’s services in the UAE along with record-keeping provisions for the e-commerce companies.
Source: jcauaeaudit.com
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