The GCC member countries have entered into a unified agreement to implement VAT and Excise regulations in their jurisdictions by January 2019. This eBook is about impact and implementation of VAT in GCC countries.
This eBook gives the “The Unified VAT Agreement for The Cooperation Council for the Arab States of the Gulf”. It covers the Definitions and General Provisions, Scope of Tax, Tax Group, Transporting Goods and Supply of Services.
This eBook gives you an Understanding of VAT in UAE and its impact on your business. It covers the meaning of Input and Output VAT as well as accounting for VAT and records to be maintained. You can use the To-Do list.
Covers VAT applicability in E-Commerce transactions. Clarifies about physical goods supplied over the internet as well as sale of digitized goods such as music and software. Defines the time of supply when the payment is made online or on delivery.
UAE Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) and also listed the zero-rated tax items such as education, healthcare, oil and gas, transportation and real estate.