In brief
The Ministry of Finance in UAE has published Cabinet Decision No. (91) of 2023 (the ‘New Decision’) on the application of a new Reverse Charge Mechanism (the ‘New Mechanism’) on the local supplies of electronic devices, for Value Added Tax (‘VAT’) purposes.
The New Decision was published in the official gazette on 30 August 2023 and will come into effect after 60 days from its publication date.
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Summary of the application and conditions of the New Mechanism
Source: KPMG
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