The Ministry of Finance in UAE published Cabinet Decision No. (91) of 2023 on the application of a new reverse charge mechanism on the local supplies of electronic devices, for value-added tax (VAT) purposes.

The new decision sets the conditions and requirements that should be met for the application of VAT through the reverse charge mechanism.

The effective date of the new decision is 60 days from the date of its publication in the official gazette i.e. effective from 29 October 2023.

In reference to the above-mentioned update, Our upcoming webinar will help you stay informed about the changes that may be affecting your business and can accordingly prepare for the dynamic Tax Laws in the UAE.

Key Highlights:

1. Introduction of a special reverse charge mechanism for the supply of electronic devices
2. Taxable persons whose business involves the supply of Electronic Devices.
3. The Requirements that should be met in order to apply the special reverse charge mechanism.
4. The Conditions for the recipient of electronic devices.
5. The Conditions for the supplier of electronic devices.
6. What is the need for reverse charge?
7. How does the reverse charge mechanism work?

We look forward to hosting you for an informative webinar!