Supplier Verification Under VAT What Businesses Need to Know Now
MICS (MI Capital Services)
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Supplier Verification Under VAT What Businesses Need to Know Now
45 просмотров · 11 дней назад
MICS (MI Capital Services)
361 подписчик
45 просмотров · 11 дней назад
*FTA Decision No. 13 of 2026 | Verification of Suppliers and Supplies for VAT Input Tax Deduction*
From 1 October 2026, businesses in the UAE will face enhanced verification expectations when claiming VAT input tax deductions.
In this MICS International awareness and readiness briefing, we explore FTA Decision No. 13 of 2026 and what it means for businesses across the purchase-to-payment cycle.
The session covers:
• Who is impacted and the applicable value thresholds
• Supplier identity, address and business verification
• Supplier risk indicators and due diligence
• Bank account and reputation checks for higher-value suppliers
• Verification of the underlying supply and payment conditions
• Documentation and record-retention requirements
• Verification procedures and internal responsibilities
• Practical steps businesses should take before 1 October 2026
• Audience Q&A and key implementation considerations
The requirements extend beyond the Tax function, with Procurement, Accounts Payable, Finance, Compliance and Management all having an important role to play.
*Presented by MICS International*
Corporate Finance | E-Invoicing | Audit & Accounting | Wealth Management | Tax & Compliance | Risk & Assurance | Debt & Equity Advisory | Investment Advisory
Learn more: www.mics.ae
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