Tag: uae
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Advertisement: When it comes to products labeled as “made in UAE” or “manufactured in UAE,” the differences may seem minimal, but understanding the nuances can provide valuable insights into the origin and production processes. In this blog post, we’ll explore the subtle distinctions between these terms and shed light on their implications for consumers. Formal…
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What is VAT? VAT is a transaction-based indirect tax, which is charged and collected at each stageof the supply chain by legal and natural persons (“persons”) which meet therequirements to be registered for VAT.Thus, persons which are either registered or are required to register for VAT (knownas “taxable persons”) charge VAT to their customers on…
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What is VAT? VAT is a transaction-based indirect tax, which is charged and collected at each stageof the supply chain by legal and natural persons (“persons”) which meet therequirements to be registered for VAT.Thus, persons which are either registered or are required to register for VAT (knownas “taxable persons”) charge VAT to their customers on…
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VAT treatment of Free Zones VAT is a general consumption tax imposed on most supplies of goods and services in the UAE. By default, it is chargeable on supplies of goods and services throughout the territorial area of the UAE. This territorial area will also include those areas currently defined as both fenced and non-fenced…