VALUE-ADDED TAX IN THE UAE

VALUE-ADDED TAX IN THE UAE

Value-Added Tax or VAT (at the rate of 0% or 5%) was first introduced in the UAE in January 2018 on all goods and services supplied within the UAE region. However, a few of those supplies were distinctively categorized as exempted supplies. Since tax compliance is paramount for UAE businesses as well…

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STUCK WITH VAT REFUND CLAIMS IN UAE?

STUCK WITH VAT REFUND CLAIMS IN UAE?

Since the year 2018, VAT in UAE has been collected from businesses at the rate of 5%. The businesses pay the output VAT on the sales that have been made but as the investment on the business leads to several expenses, input VAT is also paid in this regard. What is a…

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