The UAE Federal Tax Authority (FTA) has published VAT Public Clarification, clarifying the rules surrounding the zero-rating of exported services. For a “zero-rated service,” the government does not tax its retail sale but allows credits for the value-added tax (VAT) paid on inputs. This reduces the price of services. Article 31(1)(a)(1) of Cabinet Decision prescribes […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2F9hpV8
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