Tax Workshop On: UAE Input Vat Credit - Your Digital Cash by Hemant Mundhra | Special Discount Offer Of AED 99. Register Now!!

Sale of Business Asset to an employee

Will sale of a business asset to an employee at a high discounted price be considered a taxable supply? If yes, Is a tax invoice required to be raised?

Replies
SAJITH NAIR31/05/2021 10:17:00

Yes, it would be a taxable supply and Tax invoice is required to be raised charging VAT.

0 Like  
Ujjwal Pawra07/06/2021 00:49:21

Yes, it is a taxable supply and Tax Invoice is to be issued

0 Like  
Karan Mutneja09/06/2021 19:47:24

https://perspectiveconsultant.com/blogs-1/f/vat-on-sale-or-disposal-of-motor-vehicle-held-as-business-asset

0 Like  

Reply :

Login to reply. click here

Q&A

Submit Query