VAT On Wheels

The automobile sector is one of the largest and most dynamic sectors in the UAE, and with disruptors from electric vehicles to driverless cars, the country is now home to all global brands. Currently, in the absence of original equipment manufacturers facilities, the UAE's supply chain comprises the import, sale and service of automobiles. Regulatory issues around customs were always prevalent, but with the introduction of VAT, things have become even more complex.

This article discusses some typical issues relevant to automobile dealers regarding the question of how to manage VAT compliance.The article can be accessed here: https://www.khaleejtimes.com/business/vat-in-uae/vat-on-wheels-auto-management-of-compliance-

Source : Khaleej Times

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