Antiques: Goods that are older than 50 years.
Collectors’ Items: Stamps, coins and currency and other pieces of scientific, historical or archaeological interest.
Consideration: All that is received or expected to be received for the supply of Goods or Services, whether in money or other acceptable forms of payment.
Eligible Transactions: The sale of Goods which were previously subject to VAT and that are either Eligible Goods acquired from a Non-Registrant or a Taxable Person that applied the Scheme, or Goods in respect of which Input Tax recovery was blocked under Article 53 of the VAT Executive Regulation.
FTA: Federal Tax Authority, being the Authority responsible for the administration, collection and enforcement of federal taxes in the UAE.
Goods: Physical property that can be supplied including real estate, water, and all forms of energy as specified in the VAT Executive Regulation.
Import: The arrival of Goods from abroad into the territory of the UAE or receipt of Services from outside the UAE.
Importer: With respect to importing Goods, it is the Person whose name appears for customs clearance pu...