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EVERYTHING ABOUT VAT IN UAE After several consultations on both regional and national levels, VAT was finally introduced within the UAE in January 2018. The normal VAT rate is 5.5%, which is one of the lowest rates on the global scale. Like other countries in the world, the UAE has also introduced a VAT exemption. UAE authorities have also implemented lower VAT rates as well as tax exemptions for specific products and services. Below, our corporate incorporation consultants in Dubai provide pertinent details about how
consultants in Dubai provide pertinent details about how to implement the value-added tax as well as the VAT registration for UAE by 2022. With years of knowledge of business formation in Dubai and the surrounding areas, our local consultants can aid foreign investors who have set up businesses here to be registered for VAT based voluntarily. We can also assist you when you're looking to establish an enterprise in Dubai or to register for VAT registration in the UAE.
What exactly is VAT? The value-added tax or VAT is an indirect tax which is applied to goods and services. That is the reason it can be considered a consumption tax. VAT is considered to be an indirect tax because it is applied to the consumer who buys the item or product or service to which VAT was used. There could be problems for companies that sell goods or services since they will be responsible for Tax Accounting and returning taxes to the authorities
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