In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...
The UAE Cabinet has adopted a decision to implement the value added tax (VAT) refund system for tourists, and it will be introduced later this year. According to a press statement cited by state news ...
Saudi Arabia has implemented a new regulation allowing tourists to claim refunds on the 15% value-added tax (VAT) paid on eligible goods and services, a move meant to strengthen its position in the ...
The UAE will introduce a reverse charge mechanism for value-added tax (VAT) on scrap-metal trading between registered businesses from 14 January 2026, following a new Cabinet decision announced by the ...
The UAE approved amendments to corporate tax, VAT, and company laws, clarifying tax credits, easing VAT rules, and updating corporate structures/Representative Image The UAE has introduced a set of ...
Transfer pricing — the rules that govern the pricing of transactions between related entities within a multinational group — has moved from a niche technical discipline to a frontline compliance ...