Sunday 29 October 2017

Value Added Tax is an indirect tax on the consumption of goods and services in the economy.

UAE VAT 
Effective Date: 1st January 2018
Tax Rate: 5%
Levied on: Goods and Services
VAT – Exempt: Healthcare, education sectors, and 94 food products,
residential buildings
VAT online registration: Starting from 1st of October 2017
Time of Report: Every Quarter
Bookkeeping & Accounting System: Compulsory
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