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Is VAT Going To Affect You As A Consumer?

TRC PAMCO Middle East, is a sector-neutral boutique consulting firm that provides a wide array of Accounting, Auditing, and Management Consultancy & Advisory Services. It has a team of skilled & experienced personnel working closely with the client providing well researched professional services & advice relevant to their business.

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Is VAT Going To Affect You As A Consumer?

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  1. Is VAT Going To Affect You As A Consumer? INTRODUCTION: TO BE HONEST, ANY kind of taxation enacted by the government will definitely affect or have an impact on the consumers. At the end of the day, it is we the consumers who are going to consume the items or use the things on which the tax is being levied. So it is better to soak in the positive vibes while they last. HOW THE MEDIA WILL SEE:

  2. In general there are many intriguing ideas popping out in the mind of the consumers. Finally it is up to them to pick the one that will lead to success. In this direction, the public will turn to the media/newspapers to have the accurate knowledge of any system like VAT [Value Added Tax]. The investigation by the media shows that the great difference will reflect in the cost of clothing and furniture. Furthermore, there has been widespread speculation that there will be price rise in the grocery items and rents. THE AFTERMATH: As a result of the 2018 VAT, the retailers are now talking about its ifs and buts. They are opining that all prices should be subject to transport and storage costs. The prices differ from one country to other one. For example, cigarettes in the UAE are cheap as compared to the rest of the world. One more example is that the expatriates tend to purchase at home. For more information or for any enquiries, please call us @ 971-422 98 777 or mail us at info@trcpamco.com.

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