- The UAE Federal Tax Authority released an English VAT guide on the profit margin regime.
- The guide explains the regime’s scope, purpose, and eligibility criteria for goods and transactions.
- It details procedures for calculating profit margin and VAT, including examples and loss scenarios.
- Recordkeeping and invoicing requirements for resellers are outlined, covering documentation, invoice content, and VAT return reporting.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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