Industry: General
Service Type: Others
By s sindhwani
As the United Arab Emirates (UAE) steps into the realm of Value Added Tax (VAT), businesses across the nation are bracing for a transformative shift in their financial landscapes. This article explores the potential impact of VAT on businesses, delving into its effects on finances, compliance, and consumer behavior, and offering strategies for mitigating these changes.Understanding VATValue Added Tax is a form of consumption tax applied at each stage of the production and distribution chain. In the UAE, VAT was introduced as a means to diversify revenue sources and enhance economic s...
