In the VAT system, the tax shall be imposed on value addition made at each stage of the supply chain. The supplier shall collect the VAT from the customers on the value of supply made to them and can recover the VAT paid by him on his inwards supply as an input tax credit. Thereby, the entire incidence of tax will be passed on to the final consumer.
Source: emiratesca.com
Latest Posts in "United Arab Emirates"
- UAE eInvoicing Requirements: Implementation Timeline and Compliance Guide for 2026-2027
- Dubai Customs Launches Comprehensive 2030 AI Strategy for Digital Transformation
- UAE VAT Regulations Updated: Electronic Invoicing System Mandatory for Tax Invoices and Credit Notes
- UAE VAT Guide for Cross-Border Amazon FBA Sellers
- UAE E-Invoicing Rollout: Multinationals Must Prepare for 2027 Implementation
