Reverse Charge Mechanism on Local supply of electronic devices
 

Reverse Charge Mechanism on Local supply of electronic devices

October 2, 2023by admin0

In September-2023, Cabinet Decision No- 91 of 2023 was released to introduce a special Reverse Charge Mechanism on local supply of electronic devices which states when a VAT-registered supplier provides electronic devices to a VAT-registered recipient in the UAE, who intends to either resell them or use them in the production or manufacturing of electronic devices, the following rules will apply:

  • The supplier will not be responsible for charging or accounting for VAT on the supply, nor for reporting this in their tax return.
  • The recipient of the Electronic Devices must self-account for VAT on the value of the supplied Electronic Devices under the reverse charge.
  • Electronic Devices” covers “mobile phones, smartphones, computer devices, tablets, and parts thereof.

Leave a Reply

Your email address will not be published. Required fields are marked *

REACH US Headquarters
Onboard the UAE’s one of most trusted advisory firm offering various tailored services to support all upcoming & existing businesses across the UAE.
OUR LOCATIONSWhere to find us?
FAME Advisory: Suite 405, Office Court Building, Oud Metha Road Bur Dubai, P.O. Box 103904, Dubai, UAE


TMSL (Collaboration Partner): 501-A, Pinnacle Corporate Park Next to Trade Centre, BKC, Bandra East Mumbai, Maharashtra, India

GET IN TOUCH
Follow us on Social Media
To get the latest news and updates from FAME Advisory, join our social media now.
REACH USHeadquarters
Onboard the UAE’s one of most trusted advisory firm offering various tailored services to support all upcoming & existing businesses across the UAE.
OUR LOCATIONSWhere to find us?
FAME Advisory: 412, Office Court Building - D79, Oud Metha, Dubai, UAE


TMSL (Collaboration Partner): 501-A, Pinnacle Corporate Park Next to Trade Centre, BKC, Bandra East Mumbai, Maharashtra, India

GET IN TOUCHFollow us on Social Media
To get the latest news and updates from FAME Advisory, join our social media now.

Get in touch