In the United Arab Emirates (UAE), VAT payment refers to the process of VAT-registered businesses remitting the tax they’ve collected to the government. Starting from January 1, 2018, UAE businesses registered for VAT are obligated to apply a 5% VAT on the taxable supply of…
The UAE introduced VAT on January 1, 2018, imposing a 5% VAT rate on the supply of goods and services within the country. Businesses registered under the UAE VAT system have the responsibility to apply a 5% VAT, collect it, and remit it to the…
Zero-rated supplies within the UAE VAT system pertain to taxable transactions subject to a 0% VAT rate. These transactions are either categorized as such based on the nature of the supply, irrespective of the specific goods or services involved, or they involve specified goods or…
