The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published is ‘input Tax Apporiionment Guide in VATGIT1 (Guide) (March 2023). The Guide replaces the earlier guide published in December 2019.
The purpose oi this Guide is to provide guidance on the relevant input tax apportionment method, where the standard input taxbased apportionment method does not yield a fair and reasonable result.
Source Aurifer
Latest Posts in "United Arab Emirates"
- UAE E-Invoicing: Transforming Business with Digital Solutions and Compliance Benefits
- UAE Unveils Gradual Implementation Plan for National E-Invoicing System
- Australia-UAE Free Trade Agreement Comes Into Effect
- Ministry of Finance Proposes Legislative Changes to Implement Updated Sugar-Sweetened Beverage Excise Tax Policy
- FTA Clarifies VAT Treatment of Transactions Involving Sports Players