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Frequently Asked Questions on VAT

Last updated on 21 August, 2018


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Supply under VAT

What is a supply?
What are the types of supply?
Do I need to pay VAT on sale or purchase of pre-owned goods?

VAT Rates

What are the VAT rates in the education sector?
What are the VAT rates for oil and gas?
What are the VAT rates in the transportation sector?
What are the VAT rates for financial services?
What are the VAT rates for investment metals (gold, silver and platinum) and jewellery?
What are the VAT rates for insurance and reinsurance?
What are the VAT rates for food and beverages?
What are the VAT rates for telecommunications and electronic services?
What are the VAT rates for government services?
What are the VAT rates for nonprofit organizations?
How does VAT affect activities undertaken by employees in the course of their employment, including salaries?
How does VAT affect supplies between members of a single tax group?
What are the VAT rates for secondhand goods, antiques and collector’s items?
Is online shopping taxable?
How is VAT calculated with discounts?
What is the VAT rate on loans and processing charges?

Place of Supply

What is the place of supply?
How is the place of supply determined for goods and services?
What is the place of supply for goods exported from the UAE to non-GCC member states?
What is the place of supply for goods exported from the UAE to other GCC member states?
What is the place of supply for goods that involve installation or assembly?
What is the place of supply for services that involve installation and assembly?
What is the place of supply for services if the supplier resides in a GCC implementing state?
What is the place of supply for services if the supplier resides outside the GCC?
What is the place of supply for water or energy distribution?
What is the place of supply for restaurant, hotel and catering services?
What is the place of supply for cultural, artistic, sporting, and educational services?
What is the place of supply for real estate services?
What is the place of supply for transportation services?
What is the place of supply for telecommunication and electronic services?

Date of Supply

What is the date of supply?
How is date of supply determined for goods?
How is the date of supply determined for services?
What is the date of supply for goods/services under a contract involving periodic payments or invoices?
What is the date of supply for vouchers?
What is the date of supply for goods where the payment is made through vending machines?
What is the date of supply for deemed supplies of goods/services?

Value of Supply

What is the value of supply? How is it calculated?
How is the value of supply calculated if the total payment is monetary?
How is the value of supply calculated if part of the consideration is non-monetary?
What reduces the value of supply?
What should I do if the value of supply is expressed in foreign currency?

Profit Margin Scheme

What is the profit margin scheme?
Is the profit margin scheme applicable to all products and services?
What are the eligibility conditions for the profit margin scheme?
Do I need to notify the FTA regarding supplies under the profit margin scheme?
As a registered dealer, do I need to pay taxes for purchasing second-hand items from an unregistered supplier?

Exchange Rates

Do I need to reissue tax invoices with the exchange rate published by the Central Bank of UAE?
What happens when the tax invoice is issued after May 17, 2018 but the date of supply was prior to that date?
Where can I find the current exchange rates for different currencies?
Can the exchange rates be rounded off to fewer decimal places?
When are the exchange rates updated on the UAE Central Bank website?
What happens if the invoice is issued before the exchange rates are updated for the day?
How do exchange rates work for import of goods from other countries?
Does the customs department use the exchange rates published by the Central Bank?
How do exchange rates work for import of services from other countries?

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