By Nusrat Abbas on 18 May 2021
In case where company issues Gift Vouchers to its Customers during promotions period as FOC of AED: 1,500 per client.
Gift Voucher purchased from VAT Group Company hence remains out of scope purchases. The consideration less paid to as per advertised value of voucher.
To comply deemed supplies, it is less VAT payable AED: 2000 (FOC value 40000 while it is 1500) per person in last 12 months threhold. Or it is Taxable ?
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