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11 things to know about VAT in UAE

11 things to know about VAT in UAE

Submitted by • April 27, 2020 nrdoshi.ae

Value Added Tax (VAT) came into force in the UAE on 1st January 2018. As per UAE VAT Law, the current rate of VAT in UAE is 5%, and it applies to most supplied goods and services. VAT is an indirect tax, and it is also known as a consumption tax or Goods and Services Tax (GST) in different parts of the world. Over 150 countries have implemented VAT as a means to raise revenue. As a renowned VAT Consultancy in UAE, N R Doshi and Partners provides a whole gamut of VAT related services.

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