The Value Added Tax (VAT) came into force in the UAE on the 1st of January, 2018, as part of efforts to reduce dependence on oil revenues and diversify the economy. VAT is 5% and is charged over most services and goods, while every business…

The Value Added Tax (VAT) came into force in the UAE on the 1st of January, 2018, as part of efforts to reduce dependence on oil revenues and diversify the economy. VAT is 5% and is charged over most services and goods, while every business…