Value Added Tax (VAT)

VAT, also known as Value Added Tax, is a widely adopted form of consumption tax implemented in more than 150 countries worldwide. This tax system is used in various regions including the European Union (EU), UK, Canada, New Zealand, Australia, Singapore, Malaysia, India, USA, and many other countries. - VAT Consulting

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Value Added Tax (VAT) is an indirect tax. It is a type of general consumption tax that is collected based on the value added at each stage of production or distribution/sales. It is usually implemented as a destination-based tax.

VAT is applicable to the majority of transactions in goods and services. There are only a few items exempted from VAT in the UAE, few other items are zero-rated and the rest of the items are standard rated.

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