2 November 2023
To prevent VAT fraud, the United Arab Emirates has introduced a domestic reverse charge on supplies of mobile and smartphones, computer devices, computer tablets, and components for any of these devices.
This new mechanism was introduced on 30 October 2023 and means that businesses providing these types of goods will no longer be able to charge VAT on their supplies to other business customers. Instead, it will be the customers’ responsibility to account for the VAT in their own returns. This effectively eliminates any VAT payments between the parties.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.