- FTA published amended version of Executive Regulation of Federal Decree-Law No. 8 of 2017 on VAT
- Amendments effective from 15 November 2024
- Aim to enhance clarity, provide details on key provisions, and align with changes in tax legislation
- Key amendments include Articles 30, 31, 42, and 46
- Article 30: Changes to documentary conditions for zero rate VAT on export of goods
- Article 31: Additional requirement for zero rate export of services
- Article 42: Exemption from VAT for management of investment funds and transferring ownership of Virtual Assets
- Amendments aim to impact business operations and VAT obligations
Source: pwc.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.
