You will have 99 problems, but filing VAT will not be one of them
VAT stands for Value Added Taxes, and it is collected at different stages of the supply chain. It is a type of consumption tax. The government of the UAE has implemented the VAT tax in UAE, which has been effective since 1st January 2018. It will be collected on a specific quantity of goods or services in UAE. The standard rate has been set at 5%. Different banks operating in the UAE have also been…
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