Interest Income on inter group loan
Hello, We have earned interest income on inter group loan. Is it to be reported under exempt supplies. Please advise.
10/11/2020 13:58:59
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SAJITH NAIR10/11/2020 14:55:06
It is to be reported under Exempt supplies if the group entity is resident in UAE. If it is a non-resident entity, the same should be reported under Zero rated supplies (Article 42(7) of ER)
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