VAT is all set to be implemented in UAE from Jan 2018. Article 54 to Article 56 of UAE VAT Law describes the conditions and eligibility of claiming UAE VAT Recoverable Input Tax. Article (54) – UAE VAT Recoverable Input Tax Source: www.mof.gov.ae In simple terms, a registered person is liable to recover input tax […]
Understanding UAE VAT Reverse Charge Mechanism
The UAE VAT Law will be introduced and implemented across UAE on 01st January 2018 at a flat rate of 5%. Let us understand UAE VAT Reverse Charge Mechanism. Usually, the VAT liability is to be discharged by the supplier of goods/ service or both. However, in specific cases, the liability to pay tax is […]