VAT for independent directors' services depend mainly on whether the fees for the said directors were known from the outset or not.
VAT for independent directors' services depend mainly on whether the fees for the said directors were known from the outset or not.
Majority of healthcare services have been classified as zero-rated.
The numbers of the first year of VAT show a high take-up by businesses and a high compliance rate.
Tax experts laud efforts of the Federal Tax Authority, as well as cooperation between all concerned.
Number of refund requests processed totalled 5,000 applications per day
The first phase went into effect on November 18, 2018.
This makes for seamless tourism operations at the UAE's ports of entry.
The FTA clarified the questions at an awareness session organised at the Abu Dhabi Chamber of Commerce and Industry.
Scheme is working smoothly at the UAE's three airports
Most refunds expected to come from purchases of gold jewellery, electronics and luxury goods.