What is Vat?
Came into effect in UAE on January 1st, 2018; 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 used in more than 180 countries all around the world. The end-consumer ultimately bears the cost. Businesses collect as well as account for the tax on behalf of the government.
VAT is administered by Federal Tax Authority of the UAE, which comes under Ministry of Finance.
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