UAE VAT Law Amendments- How will Impact for Businesses

Businesses must now ensure that they receive and book invoices prior to recovering VAT on import, and strong governance and thorough reconciliation is necessary for compliance. Article 15 of the amended UAE VAT Law allows a taxable person to apply for an exception from VAT registration subject to certain conditions. Tax agents in Dubai can assist businesses to assess whether they will be eligible for the registration exception as per the new amendment

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