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How to Calculate Vat in the UAE Dubai, UAE
- Location: Dubai, Dubai, UAE, Dubai, United Arab Emirates
Introduced in January 2018, Value Added Tax, also known as consumption tax, is an indirect tax levied at each stage of the supply chain. This rule is mandated under the Federal Decree-Law No. 8 of 2017. Thus, to avoid the hefty penalties and consequences implemented by FTA, businesses in the UAE are required to register for VAT and fulfill the compliance procedures. Since VAT is a critical responsibility and is not collected by the government directly, it is important for businesses to learn how to calculate VAT in UAE and file for the returns without any potential errors. Get help from Shuraa Tax experts in calculating VAT with utmost accuracy.
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