ABU DHABI / WAM Mubadala Investment Company announced its agreement to acquire a 30 percent ...
Read More »FTA classifies ‘eligible goods’ for calculating VAT
ABU DHABI / WAM The Federal Tax Authority (FTA) has determined three main categories of “eligible goods†for calculating Value Added Tax (VAT) on the basis of the profit margin scheme. These are second-hand goods, meaning tangible movable property that is suitable for further use as it is or after repair; antiques, i.e. goods that are over 50 years old; ...
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