5% VAT has been introduced in the UAE and five other GCC countries
5% VAT has been introduced in the UAE and five other GCC countries
If it's a one-off activity, there's no need. But if it's on a regular basis...
The invoice should include the seller's tax registration number (TRN) and the amount of VAT charged. No TRN, no VAT.
The VAT might be negligible on a single purchase but if you add it up, it will be a huge amount at the end of the month.
Last month, the Roads and Transport Authority (RTA) has clarified that VAT will not be levied on Salik or public transport facilities
The internet was flooded with quirky updates
The federal financial system has been updated and is ready to manage all VAT-related financial transactions.
There was more surprise than shock for shoppers on Monday.
Any change, and something as monumental as the introduction of VAT, is bound to create anxiety.
Consumers have been asked to report any violations and complaints