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The Federal Tax Authority (FTA) released a public clarification on UAE VAT, VATP013, that sets certain principles to analyze certain expenses which amount to Reimbursement or Disbursement. The said public clarification discusses the applicability of VAT on reimbursement and disbursement of expenses charged by a taxable person on another person.

There has been uncertainty regarding the VAT treatment of options supplied in return for premiums specifically, whether they are exempt or taxable for VAT purposes.The latest public clarification issued by the Federal Tax Authority (FTA) vide clarification No: VATP014 discusses the VAT treatment of financial options and options premiums. Option

VAT incurred on any costs which are used for a genuine business purpose e.g. food and drink provided during a business meeting shall be recoverable. If such food and drink is the purpose for attending an event, such costs will be considered to be entertainment costs, and the VAT incurred

In accordance with Article 41 of Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (“Executive Regulations”), VAT on healthcare services may be zero-rated if certain conditions are met. Healthcare servicesAny Service supplied that is generally accepted

VAT Registration was introduced in the UAE on 1st January 2018. The Federal Tax Authority (FTA) is responsible for the administration and collection of taxes in the UAE. The UAE imposes VAT on tax-registered businesses on the taxable supply of goods or services at each step of the supply chain.

VAT on Supply of Education Services in the UAE The Federal Tax Authority (FTA) mandates that the main educational services and the goods and services associated with it will be zero-rated if it is supplied by the ‘qualifying educational institutions’ under VAT Educational Services guidelines. The following institutes come under