VAT Reverse Charge Mechanism in UAE (RCM)
Consider a situation in which there is a bulk buyer who is about to buy something from a bulk seller. The later can be a retailer of even the manufacturer himself. In this case, the seller is bound to pay the government a certain percentage which is calculated in the form of Value Added Tax (VAT). The impact generated by the latest VAT returns in UAE have given an enormous boost to the economy.
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Learn What is reverse charge mechanism & Place of Supply under UAE VAT, Emirates Chartered Accountants. If one is looking for the basic to the advanced concept of the reverse charge mechanism and place of supply, we assure you this is the best for you!