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VAT implication on bank interest and dividend income
by
ofcspect
VAT
Mar 16, 2019
|
VAT
VAT implication on bank interest and dividend income
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<div class="elementor-widget-container"> <ul class="elementor-icon-list-items"> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-map-marker-alt" viewBox="0 0 384 512" xmlns="http://www.w3.org/2000/svg"><path d="M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z"></path></svg> </span> <span class="elementor-icon-list-text">Abu Dhabi, UAE</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-map-marker-alt" viewBox="0 0 384 512" xmlns="http://www.w3.org/2000/svg"><path d="M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z"></path></svg> </span> <span class="elementor-icon-list-text">Sharjah, UAE</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-map-marker-alt" viewBox="0 0 384 512" xmlns="http://www.w3.org/2000/svg"><path d="M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z"></path></svg> </span> <span class="elementor-icon-list-text">Texas, USA</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-map-marker-alt" viewBox="0 0 384 512" xmlns="http://www.w3.org/2000/svg"><path d="M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z"></path></svg> </span> <span class="elementor-icon-list-text">Hyderabad, India</span> </li> <li class="elementor-icon-list-item"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-map-marker-alt" viewBox="0 0 384 512" xmlns="http://www.w3.org/2000/svg"><path d="M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z"></path></svg> </span> <span class="elementor-icon-list-text">Muscat, Oman</span> </li> </ul> </div> </div> </div> </div> </div> </div> <div class="elementor-element elementor-element-2964840 e-con-full e-flex e-con e-child" data-id="2964840" data-element_type="container"> <div class="elementor-element elementor-element-2df733e e-con-full e-flex e-con e-child" data-id="2df733e" data-element_type="container"> <div class="elementor-element elementor-element-2c1e05d elementor-widget elementor-widget-heading" data-id="2c1e05d" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">Services</h5> </div> </div> <div class="elementor-element elementor-element-1567a8d e-con-full e-flex e-con e-child" data-id="1567a8d" data-element_type="container"> <div class="elementor-element elementor-element-9e87537 elementor-widget elementor-widget-image" data-id="9e87537" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img width="50" height="2" src="https://www.spectrumaccounts.com/wp-content/uploads/2025/01/Horizontal-Divider.svg" class="attachment-medium size-medium wp-image-1935" alt="" /> </div> </div> </div> <div class="elementor-element elementor-element-472812b e-grid e-con-full e-con e-child" data-id="472812b" data-element_type="container"> <div class="elementor-element elementor-element-df433a6 e-con-full e-flex e-con e-child" data-id="df433a6" data-element_type="container"> <div class="elementor-element elementor-element-f98f0eb elementor-icon-list--layout-inline elementor-widget__width-initial elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="f98f0eb" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items elementor-inline-items"> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/auditing-service/in-country-value/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">In-Country Value (ICV) Certification </span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/auditing-service/environmental-social-and-governance-audit/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Environmental Social and Governance (ESG) Audit </span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/vat/tax-residency-certificate-trc-in-the-uae/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Tax Residency Certificate</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/cfo-accounting-services/accounting-outsourcing/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Accounting Outsourcing</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/corporate-tax/transfer-pricing-regulations-in-the-uae/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Transfer Pricing</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/corporate-tax/corporate-tax-impact-assessment/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">CT Impact Assessment</span> </a> </li> </ul> </div> </div> </div> <div class="elementor-element elementor-element-bb627aa e-con-full e-flex e-con e-child" data-id="bb627aa" data-element_type="container"> <div class="elementor-element elementor-element-12c4be0 elementor-icon-list--layout-inline elementor-widget__width-initial elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="12c4be0" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items elementor-inline-items"> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/business-consultancy/pro-services-in-the-uae/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">PRO Services</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/business-consultancy/company-liquidation/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Liquidation</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/uae-business-setup-and-renewals-a-comprehensive-guide/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Business Setup</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/auditing-service/internal-audit/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Internal Audit </span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/auditing-service/internal-audit/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">VAT Health check</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/vat/vat-amendment/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">VAT Amendment</span> </a> </li> </ul> </div> </div> </div> <div class="elementor-element elementor-element-b82860b e-con-full e-flex e-con e-child" data-id="b82860b" data-element_type="container"> <div class="elementor-element elementor-element-bf8f772 elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list" data-id="bf8f772" data-element_type="widget" data-widget_type="icon-list.default"> <div class="elementor-widget-container"> <ul class="elementor-icon-list-items elementor-inline-items"> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/vat/"> <span class="elementor-icon-list-icon"> <svg 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class="elementor-icon-list-text">Corporate Tax & Transfer Pricing</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/business-consultancy/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Business Consultancy</span> </a> </li> <li class="elementor-icon-list-item elementor-inline-item"> <a href="https://www.spectrumaccounts.com/risk-finance-advisory/"> <span class="elementor-icon-list-icon"> <svg aria-hidden="true" class="e-font-icon-svg e-fas-caret-right" viewBox="0 0 192 512" xmlns="http://www.w3.org/2000/svg"><path d="M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z"></path></svg> </span> <span class="elementor-icon-list-text">Risk Advisory & Internal Audit</span> </a> </li> </ul> </div> </div> </div> <div class="elementor-element elementor-element-c37b549 e-con-full e-flex e-con e-child" data-id="c37b549" data-element_type="container"> <div class="elementor-element elementor-element-97e1c11 elementor-widget elementor-widget-heading" data-id="97e1c11" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h5 class="elementor-heading-title elementor-size-default">Spectrum Auditing</h5> </div> </div> <div class="elementor-element elementor-element-bfb2166 elementor-widget elementor-widget-image" data-id="bfb2166" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img width="50" height="2" 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class="elementor-icon-list-text">202, Al Nasr Plaza Commercial Building (Office Block), Next to Oud Metha Metro Station Exit 1, Oud Metha, Dubai, UAE. 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Mar 16, 2019 
VAT