Tax & VAT Consultancy

Vat stands for value added tax was introduce in the UAE on 1 st January 2018.vat is based on the value of goods and services. Vat is also known as goods or services tax. Vat is indirect tax while (GST) general sales tax is direct tax collected only once paid by the consumers. Vat is the consumption tax placed on the products whenever value is added at each stage of the supply chain from the production to the point of sale. GTS or vat is the major revenue of the state.it is vary from country to country. Vat rate of the UAE is 5%.Tax is the major source of revenue by which a government raise revenue to pay for public services such as amenities education sector, health, defense and infrastructure etc. Excise Tax The UAE system is very strong and stern. There is another tax levied by UAE government i.e. Excise tax it is also main source of revenue. This tax has been imposed in 2017.it is indirect tax imposed on such goods that dream to be harmful to the human health and environment.