Does VAT apply to installments paid on car loans? | FAQ on UAE VAT | Zoho Books

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Frequently Asked Questions on VAT

Last updated on 16th March, 2018

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Does VAT apply to installments paid on car loans?

No. VAT is not applicable for car loan installments and their associated interest rates.

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Source:

Ministry of Finance, Emirates - https://www.mof.gov.ae
Federal Tax Authority - https://www.tax.gov.ae/
VAT in UAE, Khaleej Times - http://www.khaleejtimes.com/business/vat-in-UAE