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We have imported goods into UAE and plan to export to some GCC state. My question is can we claim import VAT on such imported goods or we should charge VAT on such exports?
Goods imported into UAE will be treated as per Reverse Charge Mechanism rules. However, when goods are transferred to a GCC State, it will be zero-rated.
Import of good is subject to VAT by way of RCM. The credit should be recoverable subject to documents and ownership of goods. Export of goods should be zero rated assuming all the transactions take place in the mainland.
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