Vat Clause In Service Agreement

Geschrieben am Mittwoch, Oktober 13, 2021 | Kommentare: 0

The Court of Appeal ruled in favour of the buyer. However, it did not strongly agree with the purchaser`s main argument that the special provision, which imposes a price exclusive of value added tax, was totally contrary to the general provisions and that, consequently, those general provisions did not apply in most similar cases. As the Court of Appeal set out the agreement as a whole, it seemed inclined to accept such a contract as a VAT possibility in itself, despite the imperfections in its wording. Dubai: Historically, as the UAE had no forms of taxation, companies are finding it difficult to introduce language into their service contracts in view of the upcoming introduction of VAT on 1 January. There can be a lot of VAT-related issues for even the simplest transaction. The general provisions coincidentally contained the usual clause according to which VAT may be added to the price indicated. . . .

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