Posted on 11 September 2019
The Federal Tax Authority (FTA) has issued an updated version of Financial Services VAT Guide VATGFS1 (July 2019)
The Financial Services Guide has been updated in line with its Public Clarification VATP014 - VAT Treatment of Options and Option Premiums, which states that “Supplies of options in respect of debt securities and equity securities in return for premiums are exempt from VAT”.
Please see the link below for updated Financial Services Guide VATFSG1: Pdf attached
Please also see the link below for Public Clarification VATP014 on VAT Treatment of Options and Option Premiums: Pdf attached
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