VAT DMCC: Impact On Free Zone Companies
Since the time the GCC VAT structure was planned. The VAT DMCC was implemented. When UAE VAT Law was delivered. One inquiry which made a buzz among most organizations was about 'Tank on Free Zones'. The organizations needed to know the treatment of existing Free Zones in VAT DMCC. Also what will be the VAT Treatment on provisions from or to Free Zone? Prior to understanding the treatment of VAT on Free Zones. What is a Free Zone in the UAE? There is a misinterpretation that main restricted organizations can enroll for VAT in UAE. Any business that arrives at…