Around the world, many governments consider taxes as their lifeblood. While the United Arab Emirates (UAE) still doesn’t levy personal income tax, it has introduced several other types of taxes in the past years. For instance, effective January 1, 2018, the UAE has implemented the value-added tax (VAT). This article seeks to provide a comprehensive guide on VAT in the UAE.
- What is VAT in the UAE?
- Who should register for VAT in the UAE?
- What are the VAT rates in the UAE?
- How does VAT work in the UAE?
- VAT filing and penalties
- Final thoughts
Source: economymiddleeast.com
