VAT

Value Added Tax in UAE - A & A Associate

Value Added Tax

  Value-added tax is a consumption tax levied on every value addition to a product or service during the supply chain from the production to point of sale. Usually the burden of VAT is passed onto the customer and the tax is withheld by the supplier at each stage of supply chain. The amount of VAT charged is on the product’s cost less any cost of materials used in the product that have already been taxed. VAT has been implemented in UAE since 1st January 2018. We understand that it is a complicated process and has been recently implemented which is why, not many experts will be found in the market. At A&A Associates we have qualified tax experts who can assist you in setting up the perfect VAT system for your business. Whether it’s a service industry or trading of goods, we have got your back and will guide you…