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VAT FAQS

General Questions & Answers

When will VAT be implemented and what will be the rates?

VAT in the UAE came into effect on January 1, 2018. Since then, a standard rate of 5% is added to the sale price.

 

How will the government collect VAT?

It is mandatory for companies to thoroughly document their business revenue and expenses along with the associated VAT charges. Registered businesses charge a standard VAT rate to all their customers in order to offset the VAT costs of goods and services bought from suppliers. The difference between these figures can be reclaimed or paid to the government.

 

Will VAT be applicable to all products and services?

Since VAT is a consumption-based tax, it must be applied to most of all sales transactions except those exempted by law.

 


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