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How are "Assigned Zones" described in the new VAT law?

An "Assigned zone" is described as a free zone in the new VAT law. It might be the place the items are secured or any such space as thought about fit by the Cabinet Decision. No VAT is requested to the items kept in the relegated zone, and the import to and exchange from the allocated zone isn't under VAT either. In any case, the stock enter the chain of creation and use the moment they are removed from the doled out zone, and 5% VAT is required on them if they fall under the grouping of assessable things in Federal Decree Law no. (8) Of 2017.

Faqs | 👁 335 | Posted October 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: October 21, 2018 | Author: