The United Arab Emirates (UAE) has introduced new e-commerce reporting and record-keeping obligations for resident taxpayers. These obligations, published in an amendment to the UAE VAT Executive Regulation, change the sourcing rules for e-commerce supplies made by residents in the Emirates. Amendments to the voluntary disclosure procedure have also been enacted.
- Timeline
- The voluntary disclosure rules will be applicable from March 1, 2023.
- Impact
- Reporting and Record keeping obligations
- Voluntary Disclosure obligations
Source: www.fonoa.com
