UAE tightens VAT rules to curb tax evasion and clarify compliance

The UAE has amended its Value Added Tax (VAT) executive regulations, introducing new restrictions on input tax recovery for large cash payments in a move aimed at strengthening compliance and reducing the risk of tax evasion.The changes, announced by the Ministry of Finance on Tuesday, are part of a broader effort to refine the country’s tax framework, provide greater clarity for businesses and align the VAT system with international best practices. The amendments were made through Cabinet Decis...

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