VAT stands for Value-Added Tax. It is a type of consumption tax that is levied on the value added to goods and services at each stage of production and distribution. The ultimate consumer of the goods or services bears the burden of the tax, even...
VAT Consultancy Dubai Value-added tax (VAT) is a consumption tax that is applied to most goods and services sold in the United Arab Emirates (UAE). It was introduced in 2018 and is currently set at 5%. If you are a business owner in Dubai, you may be...
Summary Dubai owner’s associations are required to deregister from VAT due to Law No. 6 of 2019. Law No. 6 has also stated that management entities have to fulfil their VAT obligations for such properties. Key highlights All legal rights and functional obligations were transferred to Management...
