Value Added Tax (VAT) in UAE | VAT Payment Deadline | How to Register | Zero-rated VAT | Are Tourists Exempted?
Value Added Tax (VAT) in UAE Value Added Tax or (VAT) is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government. Value Added Tax ( VAT ) was introduced in the UAE on 1 January 2018 with a rate of VAT 5%. The VAT , as a general consumption tax , will apply to the majority of transactions in goods and services. UAE imposes VAT on tax registered businesses on a taxable supply of goods or services at each step of the supply chain. UAE imposes VAT on tax registered businesses on a taxable supply of goods or services at each step of the supply chain . VAT will provide the UAE with a new source of income which will be conti...