Middle East VAT registration and declaration
What is VAT? VAT is the Value Added Tax/ AD VALOREM tax, that is levied according to the price of the goods when shopping.If the price is inc vat, that is, tax is included, excl vat is untaxed, and Zero vat is taxed at 0. VAT tax points vary from country to country, such as 20% and 19% in the UK and Germany respectively. VAT is often referred to as VAT in china. The VAT rate in mainland China is generally 17%, and some have a low tax rate of 13% and a zero tax rate. From January 1, 2018, the UAE and Saudi Arabia will levy a VAT According to the Gulf Cooperation Council (GCC) implementation of the Value Added Tax (VAT) framework agreement, the United Arab Emirates and Saudi Arabia have levied VAT on January 1, 2018. In addition to health care, food, insurance, education, local transportation, and some financial services, all other products and services (both government and private) are subject to VAT; commercial properties are subject to VAT, residential p...
2018
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08
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23