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What is Ministry of Finance about?

The Ministry of Finance has announced the implementation of a reverse charge mechanism for VAT on scrap-metal trading, effective January 14, 2026, as per Cabinet Decision No. 153 of 2025. This measure aims to enhance tax system efficiency, reduce fraud, and promote tax fairness within the sector by shifting VAT accounting responsibilities from suppliers to buyers. The decision aligns with the UAE

Author

ashurawat88

Language

EN