VAT SERVICES IN UAE
VAT in UAE : With the
recent announcement of the Tax Procedure Law by the President of the
UAE, the country is all set to welcome the new policies that will be
forming the part of day to day activities of many businesses.
The Tax Procedure Law has paved the way for the implementation of the much awaited VAT in the UAE. VAT is an indirect tax that is charged on the supplies of goods and services that are bought and sold. The introduction of VAT aims to strengthen the indirect tax structure of the UAE.
VAT will come into force on 1st January 2018 and charged at the rate of 5%. VAT
will be chargeable on a vast variety of goods and services in the
country. However, there are certain goods and services which are exempt
from VAT.
For more about VAT in UAE visit :- VAT Services In UAE
VAT is one of the most common types of consumption tax that is found all over the world. It is charged at each step of the production and supply chain. Visit us for VAT services VAT Consultant in Abu Dhabi
ReplyDeleteNice post about VAT and thank you for the information that you gave to us.
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