The UAE Federal Tax Authority has published public clarifications on the value added tax (VAT) treatment of disbursements and reimbursements and of options and option premiums. The issues addressed and summaries of each are as follows: Disbursements & Reimbursements - VAT Public Clarification (VATP013) Issue Article 1 of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT Law) defines consideration as “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”. In commercial transactions, a person may incur expenses and subsequently recover...