VAT Services Overview:

• VAT stands for Value Added Tax. It is a consumption tax imposed on the supply of goods and services at each stage of production and distribution. The United Arab Emirates (UAE) introduced VAT on January 1, 2018, as part of its efforts to diversify revenue sources and reduce dependence on oil income
• VAT in the UAE is governed by the Federal Tax Authority (FTA) and is applicable to most goods and services, unless specifically exempted or zero rated. The current standard VAT rate in the UAE is 5%, which means that 5% of the value of taxable goods or services is added as a tax