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6 Things All you need to know about VAT

TsaAdvisory, tax optimization, implementation, and training services in the UAE and throughout the GCC. Our team of senior qualified tax advisors, finance experts, and tax accountants will ensure timely and cost-effective VAT services for SME’s.

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6 Things All you need to know about VAT

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  1. https://tsaadvisory.com/ 6 Things All you need to know about VAT

  2. https://tsaadvisory.com/ What is VAT? VAT will be another source of raising revenues for governments in the Gulf Cooperation Council (GCC).

  3. https://tsaadvisory.com/ 1 Date of implementation: January 1, 2018

  4. https://tsaadvisory.com/ 2 VAT rate: 5%

  5. https://tsaadvisory.com/ 3 What are exempted: 100 types of staple food, and other essential service sectors such as healthcare and education

  6. https://tsaadvisory.com/ 4 What are not: Electronics, smartphones, cars, jewellery and watches, eating out and entertainments

  7. https://tsaadvisory.com/ 5 Inflation fears: It will have minimal impact on residents with less appetite for luxury goods, services and lifestyles.

  8. https://tsaadvisory.com/ 6 Common man: While the impact of tax on property transactions will be limited to the wealthy or those above upper middle income group, a likely hike in the cost of financial services will hit the common man.

  9. TsaAdvisory, tax optimization, implementation, and training services in the UAE and throughout the GCC. Our team of senior qualified tax advisors, finance experts, and tax accountants will ensure timely and cost-effective VAT services for SME’s. For more information visit: https://tsaadvisory.com/

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