Income from Bank interest and dividends
Is income earned through Bank interest and Dividends exempt or outside the scope of VAT in the UAE?
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Banan08/08/2019 11:28:50
As per UAE�s Federal Tax Authority (FTA) interest income - income earned through Bank interest and Dividends are outside the scope of VAT in the UAE. These are passively earned interest income sourced from bank deposits/dividends and are not subject to value-added tax (VAT) in the country. So, there is no obligation to report them in the VAT return.
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