Importing goods is a common scenario in the economy. There are various scenarios for importing goods. These fall into two general types. Import of Goods by a Registered PersonImport of Goods by an Unregistered PersonAs a general rule, we know that when importing goods into…
Profit Margin Scheme is an important system for calculating VAT in the UAE. This system applies to specific products, and certain conditions must be met in order to supply products under the margin system. In this article, let’s understand how profit margin works. What is…
We covered the Profit Margin Scheme and the particular supply that you are allowed to make under it in the previous post. The methods for determining your profit margin and the taxes you must pay depending on your profit margin program are described in this…
