GAZT issues Tax Circular regarding Application of VAT to provision of Collateral

General Authority of Zakat and Tax (GAZT) has issued a Tax Circular regarding Application of VAT to provision of Collateral (Liens and Mortgages). This Circular discusses the application of VAT to these transactions and provides its interpretation on the Value Added Tax Act and its Implementing Regulations. 

You can access Law including Guidelines, Cabinet & FTA Decisions, Public Clarifications, Forms, Business Bulletins for all taxes (Vat, Excise, Customs, Corporate Tax, Transfer Pricing) for all GCC Countries in the Law Section of GCC FinTax.