When a UAE business decides to purchase a company car, the discussion usually begins with the vehicle price, fuel efficiency, maintenance and financing options. However, one expense that deserves equal attention is Value Added Tax (VAT).
A vehicle purchased for business operations may attract VAT at the standard rate of 5%. While some businesses may qualify to recover this tax, others may have...
Some UAE companies require employees to keep business vehicles at home overnight. This arrangement is common for employees who work at different locations, respond to emergencies or begin their duties outside regular office hours.
But does taking a company car home mean the business cannot recover the VAT paid on it?
The answer depends on whether the employee is permitted to use the vehicle...
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