The UAE Federal Tax Authority has published public clarifications on the value added tax (VAT) treatment of disbursements and reimbursements and of options and option premiums. The issues addressed and summaries of each are as follows:

Disbursements & Reimbursements - VAT Public Clarification (VATP013)

Issue

Article 1 of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT Law…