BusinessFinance

VAT Consultant in UAE

A VAT is an indirect tax levied on goods and services consumed domestically. Ultimately, the responsibility to pay VAT is on the consumer. VAT came into force in Dubai in 2018. The purpose was to bring a new source of income for the government. A businessman is required to follow a lot of rules and regulations under VAT which is the reason confusion arose between Zero Rated VAT and Exempted…
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Business

What Is VAT and It's Examples

A VAT is a consumer tax levied on products at every point of sale where value has been added, starting from raw materials and going all the way to the final retail purchase. Ultimately, the consumer pays the VAT; buyers receive reimbursements for the previous VAT they paid…