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.
VATUAE: The VAT tax returns will most probably be filed online, and there will be no facility for filing vat returns offline or manually. So, the businesses need to get themselves familiar with the online VAT return filing […]
Tourists and visitors can claim refund on VAT paid on purchases they made during their stay in the UAE. Recovery of payment will be done through a fully integrated electronic system which connects retailers registered […]