Value-added tax or VAT is the current tax regime for every type of business and entity in the UAE.  The introduction of the regime was on January  1st, 2018, to bring order to the tax system of UAE’s businesses and…

VAT stands for Value Added Tax. When it comes to goods and services tax, VAT plays a major role. About 180 countries imply VAT in their countries. Every business needs to register for VAT. if you haven’t registered yet, do…

Understanding VAT in the UAE. The United Arab Emirates imposed Value Added Tax (VAT) on January 1, 2018, signalling a substantial shift in the country’s revenue system. VAT, which is levied at a regular rate of 5% on most products…

VAT Consultants in UAE: Why Your Company Needs One Since the implementation of Value Added Tax (VAT) in the UAE in January 2018, firms from a variety of industries have had to negotiate new tax legislation, compliance requirements, and reporting…

The Oman government has decided to implement the VAT system of taxation. As a result, the Sultanate’s Tax Authority, better known as TA, has published a brochure to help people understand more about the need and importance of VAT. In…

The Oman government is preparing for the introduction of the VAT in the country. As a result, the Tax Authority of Oman has published a brochure containing VAT information for business owners and individuals. At the moment, the Oman Government…

Over the last few years, the UAE’s economy has been growing, expanding and evolving seamlessly. Therefore, specific regulatory changes and reforms have been introduced in recent years to aid this growth. Adding to that list, on Wednesday, the UAE’s Federal…

VAT- A well-known word for all businessmen and ordinaries too. Value Added Tax (indirect tax) simply knows as the VAT is a must for all the goods and services consumed except food care, health items and education. Almost more than…

Dubai, one of the seven Emirates of UAE, is the heart of the business centre as it offers several trade-free zones. VAT, the current tax regime in Dubai came into effect on January 1st, 2018. Indeed, businesses and organizations whose…

Introduction: Value-Added Tax (VAT), the current tax regime for businesses in UAE, took charge from January 1st, 2018. VAT is imposed on the registered businesses and organizations whose taxable supplies and imports exceed AED 375,000 per annum. Also, the standard…