UAE FTA published the Value Added Tax guide on Input Tax Apportionment
 

UAE FTA published the Value Added Tax guide on Input Tax Apportionment

July 6, 2023by admin0

On June 19, 2023, the FTA release a guideline on Input Tax Apportionment (VATGIT1) and provide assistance in understanding and applying the VAT legislation with regards to input tax apportionment and special methods for input tax apportionment .

It replaces the ‘Input Tax Apportionment: Special Method’ guide published in December 2019 and March 2023. This may be used by certain types of entities in case of mixed supplies where the standard input tax-based apportionment method does not yield a fair and reasonable result.

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