What is the purpose of VAT? - PowerPoint PPT Presentation

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What is the purpose of VAT?

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VAT is levied on almost all electronic products and luxury products phones, cars, jewellery, etc. Among services, VAT return filing is applied on restaurant food, hotel services and entertainment like on movie tickets. – PowerPoint PPT presentation

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Title: What is the purpose of VAT?


1
Welcome to uaevatexpert.ae
  • An indirect tax, VAT is imposed on the supply of
    most goods and services. Known as Goods
    Services Tax or GST in many countries, VAT
    consultant in dubai is one of the most common
    types of consumption consultants found around the
    world.

2
What is the purpose of VAT?
  • The purpose of levying VAT is to provide the
    country with a new source of income thus ensuring
    high-quality public services and lifestyle in the
    future.

3
Everything that you need to know about Value
Added Tax in UAE
  • The tax scenario in UAE saw new dawn with Value
    Added Tax coming into effect on January 1, 2018.
    The decision to implement taxation was taken to
    diversify revenues and reduce subsidies.

4
What is VAT?
  • An indirect tax, VAT is imposed on the supply of
    most goods and services. Known as Goods
    Services Tax or GST in many countries, VAT
    consultant in dubai is one of the most common
    types of consumption consultants found around the
    world.

5
Prevalent Rates of the VAT
  • The VAT implementation rate in UAE at present is
    5.
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