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The Anatomy of a Great VAT

The Anatomy of a Great VAT

Submitted by • July 22, 2020 www.xb4.ae

What is VAT and Why is it necessary in the UAE? VAT was introduced in the UAE in 2018 and changed the business dynamics since then. Learn more about VAT to gain an understanding of the essential requirements and implementation process.
It was only after the realization of the importance of VAT and the additional source of revenue it could generate, UAE took the strong decision. Although the applicable standard rate of 5% is one of the lowest rates at the global level.

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