05 May 2020 / Abu Dhabi, United Arab Emirates
A revision has been conducted of the Value Added Tax (VAT) Classification on the Port and Service Charges, as listed in the Petroleum Port Regulations Article 3.2, and it has been resolved that;
The VAT classification for some of the Port and Service Charges are to be amended from the 5% standard rate to 0% zero-rate.
The revised list of VAT Classification will be applied effective 1st May 2020.
(For further details and information about operations in Abu Dhabi, contact GAC Abu Dhabi at [email protected])
Source: Abu Dhabi National Oil Company (ADNOC) Petroleum Ports Authority Circular No.3/2020 dated 4 May 2020
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