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24 July 2018

UAE publishes public clarification on use of exchange rates for VAT purposes

Since the start of June 2018, the United Arab Emirates Federal Tax Authority has commenced the publication on its website of various public clarifications on complex Value Added Tax matters and issues on the application of Federal Decree-Law No. 8 of 2017 on Value Added Tax and Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law No. 8 of 2017 on Value Added Tax. One of the new public clarifications addresses the use of exchange rates for VAT purposes.

An Indirect Tax Services group Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-1477

Document ID: 2018-1477

 

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