The Cabinet:
- Having reviewed the Constitution;
- Federal Decree-Law No. 13 of 2016 On the Establishment of the Federal Tax Authority, and its amendments;
- Federal Decree-Law No. 8 of 2017 on the Value Added Tax, and its amendments,
- Cabinet Decision No. 52 of 2017 Regarding the Executive Regulations of Federal Decree-Law No. 8 of 2017 on the Value Added Tax, and its amendments,
- Based on the proposal of the Minister of Finance and the approval of the Cabinet,
has decided:
The definitions contained in Federal Decree-Law No. 8 of 2017 referred to in this Decision shall apply, and otherwise the following words and expressions shall have the meanings indicated opposite each of them, unless the context of the text requires otherwise:
Scrap Metal: Ferrous or non-ferrous metal waste that has commercial value and can be used after Processing.
Processing: The process by which Scrap Metal is converted into materials that can be used in the manufacture of new products, whether through re...