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FTA Releases a Guideline on Input Tax Apportionment
Dubai March 21, 2023:
On 20 March 2023, the Federal Tax Authority release a guideline on Input Tax Apportionment (VATGIT1) to provide in understanding the input tax apportionment and special methods for input tax apportionment when applying the VAT legislation.
This document describes the rules and methods for input VAT recovery when both VAT taxable and VAT exempt activities are performed.
In addition, VATG1 will replace the previously released Input Tax Apportionment: Special Methods VAT Guide.