VAT on Household Budget – Impacts On Family Budget In Dubai

VAT impact on Household Budget

Value Added Tax is all set to begin its regime in the UAE region from January 1, 2018. It is expected that the new tax system will strengthen the nation by generating more revenues from non-oil businesses.

VAT is an indirect tax that is not based on the income but works with expenditure. It is applicable to goods and services within the value chain based on the value each state till it reached the end consumer, which the final taxation level. Read More