TheVATUAE in Dubai which was established on January 1, 2018, is an online information source to provide accurate information about VAT in UAE. TheVATUAE is focused on providing information based on consumption-based tax which will be applicable at each stage of the 'supply chain'.
TheVATUAE provides all types of information related to VAT and tax with all the VAT related updates like news, VAT return, and VAT registration. VAT is required for the Government benefit and is working.
TheVATUAE will create a new and stable source of income for the government, which will be utilized to provide better and more advanced public services. TheVATUAE is one of the lowest rates in the world.
TheVATUAE is based on the same concept as followed by the other countries which use this tax system, however, the standard rate is fixed at 5% for all taxable supplies for VAT in UAE.
TheVATUAE provides information related to:
VAT Registration
UAE VAT Law
VAT Key Highlights
VAT Impacts
You can find out more about VAT-exempt and non-exempt supplies on TheVATUAE blog. The VAT shall be levied at each stage of the supply chain, but there is a concept of input credit through which businesses can claim their taxes back from the government, and the ultimate VAT cost is borne by the end consumers.
To know more about the VAT in UAE, do take your time and buzz TheVATUAE. TheVATUAE in Dubai is happy to serve in providing information related to VAT established in UAE.
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