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UAE VAT SERVICES

VAT is a Tax on the transactions of goods and services, applied at each stage of the supply chain and is based on the value added at each stage. VAT is an indirect Tax on all the consumption of goods or services imposed at the time of sale. Value Added Tax (VAT) was introduced in the UAE on 1st January 2018. The standard rate of VAT is 5 % in UAE. The new VAT laws have left a huge impact on the business operations and Tax environment of the UAE.

Therefore, it’s important for every business in the UAE to know about the VAT laws and how they could leave an impact on their business operations and transactions. Businesses are required to register under UAE VAT law, file VAT returns within the time frame given by the FTA and can claim VAT refunds as long as they meet the eligibility criteria required for it. If in any case, you find that your firm is not able to cope up with the newly applied VAT laws from an extremly professional firm like VATBOX.