The Emirati Ministry of Finance Dec. 11 announced the UAE Cabinet’s approval of Decision No. 100 of 2024, amending the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT). The amendments include: 1) VAT exemptions for investment fund management services and for certain services related to virtual assets; and 2) an exemption for in-kind donations between charitable and government entities, valued at up to 5 million Emirati dirhams (US$1.3 million) over a 12-month period, from the provisions of legal supply, allowing donors to recover the VAT incurred on the in-kind donations. The amendments also enhance ...
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