The transfer of whole or an independent part of a business from a person to a taxable person for the purposes of continuing the business (i.e. transfer of a business as a going concern – TOGC) is not considered to be a supply for VAT purposes and is effectively exempt.
Source: Orbitax
Latest Posts in "United Arab Emirates"
- Declaration of Tax Group Eligibility and Compliance Summary
- Key Highlights of Ministerial Decision No. 243 & 244 of 2025 on Electronic Invoicing
- UAE e-Invoicing 2025: Key Rules, Timelines, and Actions for Businesses Under MD 243 & 244
- Federal Tax Authority Revises Turnover Declaration Rules for VAT Group Registrations
- UAE E-Invoicing: Digital Transformation, Compliance, and Efficiency for Micro Enterprises and Businesses
