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The UAE has published the decision that official participants of Expo 2020 will be allowed VAT refunds even if they are not UAE VAT registered. Expo 2020 is a registered exhibition due to take place in Dubai from October 2020 to April 2021. Official participants of the Expo are countries and intergovernmental organisations that have…
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Input VAT recovery is possible on vehicles and mobile phones within Bahrain and the National Bureau for Revenue (NBR) where there is both business and personal use. The NBR has released guidance on how to determine a fair and reasonable allocation as well as a simplified method that can be applied to make the calculation. …
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Following the implementation of the Value Added Tax (VAT) starting from January 1 st 2018 VAT came into effect for the first time in the United Arab Emirates and Saudi Arabia at a rate of 5%. There was a lot of nervousness about the introduction but overall things have gone well. Due to the stresses…
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VAT will be introduced in the United Arab Emirates and Saudi Arabia from 1 January 2018. It is planned to roll it out to Bahrain, Kuwait, and Oman from 1 January 2019. You can see the UAE law here and the Saudi law here. Businesses will need to make sure that: They are registered if…
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