Giving Gifts/Free Samples are Taxable in UAE! Distributors | Promotional Gifting | Dubai | FTA | VAT

[@MSIAuditors]

Have you treated your gifts and free samples correctly? #vat #tax #gifts #freesamples #uae #distributors #dubai

[@user-ur6pp3dn1o]

At which price the valuation of samples to be done for VAT purpose? At the purchase/import price or trade price? Please clarify

[@suchendrakotiyan]

Watch gifted to customer for aed 5k? Business is not manufacturing watch so can ITC be claimed or not?

[@MSIAuditors]

Thank you for your question. Our recommendation would be to not claim the Input tax on the same. -MSI Team

[@ooopsbackups5166]

@@MSIAuditors HI Nomans' your small crispy videos are helping me in reviewing whenever required. on continuing the case, to boost our car sales, we are conducting a special draw, wherein a lucky customer is gifted with a mobile phone, we would like to claim input tax. does your recommendation remain same, i.e "Not to claim"? kindly advise, tomorrow is our filing date.

[@MSIAuditors]

@@ooopsbackups5166 The conservative side would be not to claim. However, if they fall under the exemption mentioned after 0:51, you can continue to claim them. -MSI Team

[@lavamedia8804]

Owner came and took the some goods for his personal use, will vat applicable?

[@MSIAuditors]

In such a case we would recommend not claiming the input VAT on the purchase itself. -MSI Team