Monitoring Desk
ABU DHABI: The FTA said on Sunday it has reiterated its call for all registered businesses to collect VAT and excise tax on all taxable transactions and from all customers.
The tax body cautioned against excepting any individual or organization that does not fall under one of the excepted categories specified in the UAE tax laws. It further urged taxable businesses to remain vigilant and precise in their business transactions.
“Businesses must avoid granting exceptions from VAT,” the authority warned, clarifying that no transaction may be considered as outside the scope of tax, exempt, or zero-rated unless it was stated in the legislation or announced by the Ministry of Finance or the FTA, where any such exception was made, this is considered illegal and the supplier shall be liable for any tax not collected on the supply.
