What is Value Added Tax (VAT)? VAT or Value Added Tax UAE is a consumption-based tax that is to be implemented from 1st January 2018 in the UAE. Announced through the Federal Decree – Law no. (8) of 2017 by the Ministry of Finance of UAE, the new VAT regulations state the implementation of a tax […]
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VAT is the self assessment tax by the taxable person. FTA accepts any amount reported by Taxable Person and assumes that the reported figures are correct, to check the validity of these reports FTA will come up with VAT Audit. Generally the Taxable person by filing the VAT return assumes that this is the last […]
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