CAPITAL
If you would ask what the capital of the United States is, many people would probably answer ‘New York’. Because that’s somehow the most famous US city and the one that most people recall easily.
I recently heard about a guy that wanted to learn all world capitals of every country. Instead of going out, he studied al weekend, and on Monday morning at work he confidently walked up to the pantry where some colleagues were getting coffee. He started bragging: “You know, I can tell you the capital of any country in the world.”
Intrigued, one of the coworkers asked, “Alright then, what’s the capital of Spain?” The guy confidently beamed, “That one’s an ‘S’.”
Of course, the capital of Spain is Madrid, not an ‘S’, but he was unfazed. His memory trick didn’t quite work the way he thought.
This reminds me a little of VAT. Just because something seems easy or like a one-size-fits-all solution doesn’t mean it’s right. When it comes to VAT, it’s crucial to get the details right—whether it’s the rate or the proper classification.
As with capitals, assuming might lead to embarrassing mistakes! It’s much like businesses that try to apply the same VAT approach across different countries without considering the specifics. Just like each country has its unique capital (city), each jurisdiction has its VAT rules, rates, and exemptions. Overlooking these differences can lead to costly errors.
So, whether you’re learning world capitals or navigating VAT, remember: the details matter, and shortcuts often lead to more work in the end. You can always find the latest VAT news on www.vatupdate.com. Have a great week!
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
To go directly to the region, click below:
WORLD
WORLD
- eBook – The Role of IT in the Face of New Regulations and Mandates
- E-Invoicing & E-Reporting developments in the news in week 41/2024
- Fonoa Technologies Acquires Global Indirect Tax Compliance Product from PwC for Expansion and Integration
- Evaluating the Case for E-Invoicing: Key Questions to Consider
- VAT Trends 2024: An Overview
- E-Invoicing & E-Reporting developments in the news in week 40/2024
WEBINARS / EVENTS
- Sovos Webinar – VAT Snapshot: Global E-invoicing Plans, Proposals and Deadlines (Oct 22)
- SNI Webinar – Navigating Germany’s B2B e-Invoicing Mandate: What B2B Companies Need to Know to Stay Compliant (Oct 9)
- Webinar – E-Invoicing in Germany: a guide to compliance – Slides & Recorded Session
AFRICA
EGYPT
NIGERIA
- Implications of VAT Modification Order and Tax Incentives for Nigeria’s Oil & Gas Industry
- Analysis of VAT Modification Order and Tax Incentives for Nigeria’s Oil & Gas Industry
- FG Implements Zero VAT on Imported Pharmaceutical Products to Boost Local Manufacturing
AMERICAS
BAHAMAS
BRAZIL
- Challenges and Successes in Consumption Tax Reform: Insights from Secretary Bernard Appy
- Brazil Proposes Major Overhaul of Its Alcohol Tax System
CANADA
- Tax Court of Canada: Canadian Agent’s Services Not Zero-Rated Due to Work in Canada
- GST/HST Ruling on Zero-Rating Supply of Lignin Products for Industrial and Commercial Use
- GST/HST Ruling on Purchase and Importation of Face Masks: Explanation and Ruling Given
- GST/HST Ruling for Print-on-Demand Sales
- GST/HST Interpretation for Non-Resident Cruise Line Operating in Canada
- Interpretation of GST/HST Reporting for Deemed Supply of Multiple Unit Residential Complex by SLFI
- GST/HST Interpretation: Tax Obligations for Short-Term Accommodation via Accommodation Platform
- GST/HST Interpretation for Nurse Placement Agencies: Exemption Criteria and Legislative References
- Interpretation of GST/HST for Drone Pilot Training Programs: Regulatory Changes and Compliance Requirements
- Application of GST/HST on Crowdfunding Funds: A Comprehensive Interpretation Guide
- Understanding GST/HST Application to Real Property Acquisition by Federal Government
- Canada Sales Tax: Non-Resident Business Registration Requirements for Digital Sales
CHILE
COLOMBIA
- Extension of the Deadline for Implementing RIPS to Support Electronic Invoicing in the Health Sector
COSTA RICA
DOMINICAN REPUBLIC
ECUADOR
- Ecuador Implements VAT Cut on Electric Generators to Address Energy Crisis
- Ecuador Cuts VAT on Electric Generator Imports and Sales
GUYANA
PANAMA
PERU
- Peru Delays VAT Implementation for Digital Services to December 2024: Key Regulatory Updates…
- Peruvian Congress Considers Repeal of Digital Services Tax Legislation
UNITED STATES
- California Sales Tax Reform: Streamlining Penalties and Administrative Changes for Efficiency
- California State Sales Tax Ballot Measures: Impact on Businesses and Consumers
- Alaska Removes 200-Transaction Threshold for Sales Tax Effective January 1, 2025
- Alaska Removes Transaction Threshold for Non-Resident Sellers, Effective 2025
- Alaska Removes Transaction Threshold for Sales Tax, Effective January 1, 2025
- US – Landmark Court Decision in Epic Games vs. Google
- Illinois: Retailers Deemed Liable Under False Claims Act and Owe Sales Tax on Installed Appliances
- Comprehensive Tax Reform: Implementing Credit Invoice Value-Added Tax for Fairness and Efficiency
- State Tax Websites: A Comparative Analysis of Sales Tax Information Accessibility
- Tennessee Offers Sales Tax Relief for Hurricane Helene-Affected Taxpayers
- Washington rules digital advertiser is not a marketplace facilitator
- New York issues guidance on software and web-based services
- South Dakota’s Initiated Measure 28 Undermines Sales Tax Rate Reductions
- California: New Law Requires Localities to Disclose Information on Sales Tax Sharing Agreements Made with Retailers
URUGUAY
ASIA PACIFIC
ASIA PACIFIC
CHINA
INDIA
- Mercedes CEO Concerned Over Potential GST Hike on Luxury Electric Vehicles in India
- CBIC exempts foreign airlines from GST on service imports, allows rectification of past tax errors.
- Understanding the Difference Between Interstate and Intrastate GST in India: A Comprehensive Guide
- Conditional Waiver of Interest and Penalty Scheme for GST Taxpayers Effective November 2024
- CBIC Grants GST Exemption to Foreign Airlines, Uncertainty Remains on Past Transactions
- CBIC introduces timeline i.e. 10th of next month for filing FORM GSTR-7
- CBIC notifies not to issue the consolidated invoice for the supplies covered under RCM
- Waiver of Interest and Penalty under Section 128A
- New GST Rule for Renting Commercial Properties: Reverse Charge Mechanism Explained
- Massive GST Fraud Unearthed: Over 200 Bogus Firms Across India Involved in Scam
- High Court clarifies ‘as is where is’ basis in GST classification dispute
- Kerala to Implement E-Invoicing System in Gold Trade to Curb Tax Evasion
- Supreme Court Admits SLP Challenging Interest Levy in Revenue Neutral Transaction
- High Court Stays GST on License Fees Collected by State Electricity Regulatory Commission
- India Introduces Invoice Management System on GST Portal for Transparent and Efficient Tax Compliance
- Digital Transformation of Customs Bonded Warehousing Procedures by CBIC
JAPAN
KAZAKHSTAN
- Notification of chamber control launched to detect underreporting of income and…
- Expansion of Imported Goods Subject to VAT Offset Payment Method Effective October 8, 2024
MALAYSIA
- Economist proposes 4% VAT to replace SST and boost economy in Malaysia
- Malaysia Updates E-Invoice Guidelines, Expands Exemptions for Taxpayers on 10th October 2024
NEW ZEALAND
PAKISTAN
- FBR Imposes Major Penalty on Customs Appraiser for Tax Evasion Facilitation: October 10, 2024
- Finance Minister Announces Major Crackdown on Sales Tax Evasion, Offenders Face Arrest and Penalties
- Finance Minister Reveals Only 14% of Companies Registered for Sales Tax in Pakistan
- Pakistan Launches Massive Operation to Combat Sales Tax Fraud and Boost Revenue Collection
- Pakistan Implements FASTER System for Sales Tax Refunds for All Exporters
PHILIPPINES
- Understanding VAT on Digital Services: Implications of RA 12023 in the Philippines
- Philippines Enacts VAT on Non-resident Digital Service Providers: What You Need to Know
- Simplicity: Key to Success in Implementing VAT Law on Foreign Digital Service Providers
- Navigating VAT Regulations for Digital Services
- BIR: Incomplete VAT refund claims now automatically deemed ‘high risk’ for verification
- Philippines – President Signs the Law on Foreign Providers of Digital Services
- Philippine President Signs Law Imposing VAT on Foreign Digital Service Providers
SINGAPORE
TAIWAN
- Taxation on Domestic Services Provided and Used in Taiwan with Foreign Exchange Income Collection
- Imposition of VAT on Carbon Credit Trading in Taiwan: Guidelines and Regulations Explained
VIETNAM
EUROPE
EUROPE
- Beer Taxes in Europe, 2024
- Parliament passes UK Trans-Pacific Partnership customs tariff amendment
- Norway Signs New VAT Agreement with the EU
EUROPEAN COURT OF JUSTICE
- Comments on ECJ case C‑243/23 [Drebers]: Belgian VAT Rules for Renovation Works Under Scrutiny After…
- Impact of CJEU Case Law on VAT Rules for Private Copying and Fair Remuneration: Analysis
- Swedish Tax Agency Updates Guidance on Input VAT Deductibility Post ECJ Decision
- Comments on ECJ C-639/22: VAT Treatment of Pension Fund Management in the Netherlands: CJEU Clarification and Implications
- Comments on ECJ case C-442/22: Employee must pay VAT for issuing false invoices on employer’s data – ECJ ruling absurd
- Comments on ECJ case C-442/22: Employee must pay VAT for issuing false invoices on employer’s data –…
- Comments on ECJ Case C-475/23: Deduction of VAT Denied Contrary to EU Law
- Comments on ECJ case C-171/23: Ruling on VAT exemption abuse: UP Caffe case analysis and implications for businesses
- Agenda of the ECJ VAT cases – 1 Judgments, 1 Hearing till October 17, 2024
- Comments on ECJ C-475/23: Free provision of a crane does not prevent deduction of input tax
- Comments on ECJ C-171/23: Despite the absence of an anti-abuse provision, Croatia may refuse to…
- Comments on ECJ C-475/23: Debate on Necessity of Business Expenses Continues
- Comments on ECJ C-171/23: Abuse in Small Business Schemes
- Comments on ECJ C-475/23: VAT Deduction Dispute Involving Voestalpine Giesserei Linz
EUROPEAN UNION
- New EU Regulations for Small Businesses Effective January 1, 2025: What You Need to Know
- Hungary Proposes New Options for EU VAT Bill Advancement amid Estonian Blockade
- General Insights into Chain Transactions in the EU VAT Framework
- EU Deforestation Regulation; Insights into 12-month delay and recent updates
- EU uses VAT to push green policies
- Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
- CBAM Reporting: A New Step in EU Environmental Policy by Georgiana Mierloiu, Tax Advisor
- Monaco to Implement VAT Changes in Line with EU Regulations from January 1
- Austria seeks EU approval for a VAT measure extension, simplifying deductions for private use, effective until December 2027
- European Commission Urges Hungary to Abolish Discriminatory Retail Tax Regime for Compliance with EU Law
EUROPEAN UNION – ViDA
BELGIUM
- Belgium Announces New Deadline for Quarterly VAT Declarations Starting January 2025
- Exemption “other document in place of an invoice”: clarifications
- Belgium – Changes in 2025: Failure to submit VAT returns on time can cost you dearly!
BOSNIA AND HERZEGOVINA
CYPRUS
- Government faces backlash for reinstating zero VAT on essential goods amid cost-of-living crisis
- Cyprus Ends 0% VAT Rate on Basic Food and Women’s Hygiene Products
DENMARK
- Danish Tax Agency Cracks Down on VAT Evasion, Charges Billions to Tax Evaders
- Analysis of Reduced VAT Impact on Fruits and Vegetables by Ministry of Taxation
- Denmark Tax Agency Clarifies VAT Deductions for Holding Companies
- Tax implications of advisory services for non-established entity in cross-border acquisition transaction.
- Security Deposit Requirement for VAT Compliance: Case Study on Car Resale in EU Countries
- Tax Deduction Dispute for Management Services in Project Companies Owned by Holding Companies
ESTONIA
- Estonia’s VAT Rates to Increase in 2025: What You Need to Know
- Estonia Simplifies E-Invoicing Requirements: Accounting Act Amendments Approved by Parliament
FINLAND
- Proposal to Amend VAT Law and Self-Initiated Taxation Procedures Law – Government Bill HE…
- Finland to Increase VAT on Broadcasting to 14%
- Finland Proposes Changes to TV Tax and VAT on Broadcasting Services for Public Consultation
- Public Consultation on TV Tax and VAT for Broadcasting Services by Finance Ministry
FRANCE
- TVA Liquidation: Reduced Rates for Food Products – Update on Fruit Paste VAT Rate
- Determining VAT Deduction Rights: Impact of CJEU Case Law on Fair Compensation Rules…
- TVA Rules for Certain Professional Services: Impact of CJEU Jurisprudence on VAT Regulations
- VAT Deduction Rights: Formal Conditions and Invoice Requirements – Recent ECJ Case Law Implications
- Understanding VAT: Determining Tax Base, Applicable Rules, and Recent CJEU Jurisprudence
- Clarification on VAT rate for fruit pastes – Ruling – Exportable PDF – Tax Division
- New Customs Declaration System for Imports in France from November 2024: Delta IE Implementation Timeline.
- How to Set Up VAT Rates on PrestaShop for International Sales: Step-by-Step Guide
GERMANY
- Germany Granted Extension on Domestic Reverse Charge for Carbon Emission Trading to Prevent VAT Fraud
- Germany Tax Agency Guidelines for Cross-Border VAT Treatment Under One-Stop-Shop
- Understanding Germany’s Receipt Issuance Obligation: Ensuring Accuracy in Financial Transactions
- No VAT exemption for fragmented business transfer: Schleswig-Holstein FG ruling (14.3.2024) – Case XI…
- Tax exemption for private clinic’s hospital services – social comparability criteria not met.
- No retroactive invoice correction without indication of triangular transaction – BFH ruling XI R 35/22
- Claim for Refund of Incorrectly Paid VAT from Tax Office
- Navigating VAT Exceptions: Insights on Concealed Sales and Input Tax in Retail Sector
- Protection of Trust in Intra-Community Delivery: Case Study and Implications for German Taxpayers
- Tax exemption for administration of pension and retirement funds – ECJ judgments of 5.9.2024.
- EU Directive 2020/285: Cross-Border VAT Exemption for Small Businesses Guidance by German Tax Office
- Release of a new ZUGFeRD format version
- Germany’s VAT Special Measure on Emission Allowances Extended to Combat Fraud Until December 2026
GREECE
- Weekly Briefing: New VAT, ERGANI, digital transaction tax, myDATA app, and more (11/10/2024)
- EPPO Freezes Additional €12.3 Million in VAT Fraud Investigation in Italy
- Response to “Estia” newspaper: Reduced VAT regulation for asylum seekers’ islands in effect for years
- Greek Parliament considers draft bill for 2025 state budget with tax measures and VAT extension.
- Continuous Reduction of VAT Gap
- Georgios Pitsilis: myDATA App by the End of the Year to Facilitate Businesses
- Greece: B2B and B2G Electronic Invoicing via MyData
IRELAND
- Updated CESOP Guidelines for Registration and Filing: Enhanced ROS Functionality for Nil…
- Charities VAT Compensation Scheme: Revenue Prepayments Refund Notification for Eligible Charities
ITALY
- Impact of Factoring on VAT Suspension: Case Study and Legal Implications
- VAT treatment of payments from energy community to non-associated producer: A case study.
- National provisions on customs code harmonization with VAT on imports: DLgs. 141/2024 in force…
- Confirmation of VAT decommercialization regime for amateur sports associations and societies under Law…
- Parliament Approves Changes to VAT Rates
- EPPO Freezes €12.3 Million in Textile Smuggling VAT Fraud Probe in Italy
- National provisions on customs code harmonization with VAT on imports: DLgs. 141/2024 implications.
- Italy’s Law Principle No. 3/2024: Clarification of DAC7 Platform and Seller Definitions
- New VAT rate of 5% for live horses with non-food purposes effective from today.
- New VAT reduction for live horses with non-food purposes: implications and expert observations.
- Stalemate in EU VAT reform for digital era as compromise remains elusive in Ecofin meeting.
- VAT Rate for Wildlife Sales to Agricultural Businesses Engaged in Hunting Activities
- Transfer of Business: VAT Deduction Rights in Extraordinary Operations and Business Conferment
- Recent Developments in VAT Treatment of Building Sales: Revisiting the Classification Criteria
LATVIA
LITHUANIA
MONTENEGRO
NETHERLANDS
- One-off sale of motor yacht falls under margin scheme, according to AG
- Denial of Input Tax Deduction under Agricultural Forfait Justified by Arnhem-Leeuwarden Court
- Controversy over Government’s Decision to Abolish Reduced VAT Rates on Cultural and Sports Activities
- Legal Battle Over Tax Classification of Custom Photo Art Services: Court Rules Against X
- Appeal Court Arnhem-Leeuwarden: Timeliness of VAT assessment, agricultural input tax deduction.
- Senate wants separate bill on increase VAT rate
- State Secretary endorses broader application of simplified A-B-C scheme
- No reduced VAT rate for first free service
- Proposal to Separate VAT Measures in Tax Plan 2025 for Dutch Senate Approval
- Amendment of BUA; explanation of quick VAT solutions MoF
- No VAT exemption for foundation providing teachers to schools: a debatable standpoint.
- First Chamber calls for separate bill for VAT plans in Tax Plan 2025
- No low VAT rate for photo mosaics and contour collages
- Knowledge group point of view: reselling tickets is a form of granting access to events
- Court Decision: VAT rate on e-bike service debated, ruling in favour of tax authority.
- Resale of Tickets: VAT Rate and Access to Events under Dutch Tax Law
- Changes to Small Entrepreneurs Scheme (KOR) from 2025: New Rules and EU-KOR Explained
- Free first e-bike service: no reduced VAT rate
- Typing lessons usually not exempt educational service but subject to 21% VAT
- Financial Interconnection Requirement Hinders VAT Fiscal Unity: Case Study and Practical Implications
- Incorrect private use correction of 1.5% does not apply to leased car
- VAT-Taxed Liability Insurance Premium Recharge for Healthcare Services: Legal Analysis and Implications
- Update on Personnel Provision in Education Sector: Implications of Revised VAT Decision
- Exclusion of Reduced VAT Rate for Artwork: Case Study in Gelderland Court, July 22, 2024
- Land purchase activities: entrepreneur for VAT
- Rental of guest rooms by hospice, not short stay rental
- Exemption from VAT for almost-home-home
- Knowledge group position: also reimbursement of statutory interest on recovery interest paid…
NORWAY
- Norway cuts water VAT
- Norwegian Government Reducing Living Costs Through VAT Reduction on Water and Sewerage Charges
POLAND
- Secondment of employees to another company is subject to VAT
- National Health Fund unprepared for cooperation with VAT groups, lacking refund procedures and…
- Limitations on invoice acceptance in the National e-Invoicing System test environment
- Can transferring business to a new company for VAT exemption be an abuse of law?
- Challenging the frozen VAT tax will go to the Court of Justice of the European Union
- Dispute over VAT deduction timing reaches EU court – a potential game-changer for Polish…
- Proper VAT settlement for renovation of commercial premises after a flood
- VAT implications for unauthorized parking fines: new interpretation by tax authorities.
PORTUGAL
- Portugal Delays SAF-T Accounting Reporting Implementation to 2027 in 2025 Budget Update
- Portugal Delays Electronic Signature and Accounting SAF-T Requirements in 2025 Draft Budget
- QES Implementation Postponed to January 2026 Due to Budget Announcement
- Madeira Reduces VAT Rate to 4% Effective October 2024
- Portugal: Postponement of Qualified Electronic Signature Requirement and Accounting SAF-T Proposed
- 2025 IVA Reduction: Fiscal Revenue Cut by 110 Million Euros Due to Electricity Tax Decrease
- Electronic Invoicing in Portugal
ROMANIA
- VAT Rate on Bee Food Reduced by Government from 1 January 2025
- Romania MOF Order: Import VAT Exemption for Ukraine War Victims – Commission Decision 2024/775
- Tax Amnesty – Guide to Accessing Fiscal Facilities under OUG 107/2024
- Romanian Bank Analysts Predict VAT Rate Increase in 2025 Amid Economic Uncertainty
RUSSIA
SERBIA
SLOVAKIA
- Slovakia Proposes VAT Rate Increase to 23% and Changes in Categorization Effective 2025
- Slovakia Implements 5% VAT on Accommodation and Restaurant Services from January 2025
- The adoption of B2G and B2B e-invoicing in Slovakia is still underway
SLOVENIA
SPAIN
- Spain’s B2B e-Invoicing Delayed!
- Current Status of Spanish Electronic Invoicing Projects: Verifactu Initiative
- Spain Delays E-Invoice Implementation to 2027: What Businesses Need to Know
- VAT Consultation for Community Construction Projects: Tax Rate and Invoicing Obligations
SWITZERLAND
UKRAINE
- Refund of Excess VAT to Electronic Account: Clarification of Tax Reporting Indicators.
- How Tax Authorities Reduce VAT Debt in Integrated Card: Detailed Procedure and Regulations
- Partial Service Delivery or Payment in Instalments: How to Fill Out an Invoice?
- How to Fill Out Export Goods Invoice: Details from Tax Authorities
- Tax Implications of Selling Pledged Property: VAT Considerations for Creditors in Ukraine
- When to compile VAT invoices for daily transactions through cash registers/banks: guidelines for taxpayers.
- Timeframe for VAT registration applications review by tax authorities in Ukraine: 3 working days.
- Tax Invoice Date Calculation for Partial Payment from Budget and Buyer’s Cost: Guidelines and Examples
- Business Urges Parliament to Support Repeal of Tax Exemptions on International Shipments
UNITED KINGDOM
- HMRC Guidance: VAT Exemption Removal for Private School Fees Effective 1 January 2025
- Exporting a Vehicle from the UK: Guidelines for 12 Months or More
- MPs Clash Over VAT on School Fees: Timing, Scope, and Principle Debate on Education Tax
- HMRC Guidance for Private Schools on VAT Implications: Registration, Charging, and Reclaiming VAT
- UK VAT Grouping: Impact of Skandia Doctrine on Fixed Establishment – Lessons from Barclays
- DIY Housebuilder VAT Claim Limited to One per Project: CIS Industry Case
- HMRC Guidance on VAT Changes for Private and Independent Schools: Key Points to Note
- Potential VAT Changes and Tax Predictions for Upcoming Budget by Chancellor Rachel Reeves
- VAT Business/Non-Business Manual: HMRC Internal Guidance for VAT Purposes and Tax Operation
- UK VAT Claims: Why Timing Could Be Your Key to Success
- HMRC Cracks Down on VAT Errors with Heaviest Fines: How Businesses Can Challenge Investigations
- Tax Tribunal Victory: Krywald v Revenue and Customs – Lessons Learned from COVID-19 Challenges
- Confirming HMRC Agent Codes: Essential Action for Firms by 8 November 2024
- Challenging HMRC’s Best Judgement: The Ancient & Modern Jewellers Limited VAT Case
- UK Government to Launch Consultation on e-Invoicing for Business and Tax System Modernization
- Brian Lawton’s Denied VAT Refund Claim: Extension Ineligible Under DIY Housebuilders Scheme
- UK Government to Implement VAT on Private School Fees Despite Possible Delay, Says PM Spokesman
MIDDLE EAST
KUWAIT
SAUDI ARABIA
- ZATCA’s 16th Wave of Taxpayers
- Saudi Arabia Sets Criteria for 16th Wave of New E-Invoicing Integration Phase
- Saudi Arabia: Criteria for Sixteenth Wave of E-Invoicing Integration Announced
UNITED ARAB EMIRATES
- Expansion of VAT Exemptions for Fund Management and Virtual Assets in UAE: Impact and Implications
- FTA Amends VAT Regulations for Tax Invoices and Credit Notes: Key Changes and Implications
- FTA Amends VAT Executive Regulations: Changes in Supplies, Registration, and Deregistration Requirements
- FTA Updates: Input VAT Apportionment and New Definitions in Executive Regulation of VAT Law
- Amendment to UAE VAT Law Allows Input VAT Recovery on Health Insurance for Dependents
- Amendment to Zero-Rating Export of Services under UAE VAT Law: Impact and Implications
- FTA Amends VAT Executive Regulations for Zero Rating International Transport Services
- VAT Treatment of Real Estate Properties in the UAE
- UAE VAT Update: Crypto and Fund Management Services Exempt from Tax for Businesses
- Businesses Can Reclaim VAT Costs from Past Crypto Transactions with New Exemptions
- UAE VAT Executive Regulations Amendments: Impact on Funds and Virtual Assets – Effective 15 Nov 2024
- 10 Key Updates to UAE VAT Regulations Effective 15 November 2024: What You Need to Know
- UAE Eliminates VAT on Crypto Transfers: Boost for Virtual Asset Companies
- UAE VAT Updates: Exemptions for Investment Firms and Crypto Industries Boost Business Friendliness
- UAE Removes 5% VAT on Crypto Transfers, Retroactive to 2018, Boosting Blockchain Sector
