Tag Archives: UAE
What is reverse charge mechanism in VAT?
VAT amount is normally paid by the buyer of a product/service. This is known as ‘forward charge mechanism’. Every time a good/service is bought tax is generated as the buyer is paying tax along the way. However, in case of … Continue reading
Posted in Accountancy
Tagged Abu Dhabi, Dubai, Example, Reverse Charge Mechanism, UAE, VAT
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What is VAT or Value Added Tax?
Value Added Tax or VAT is an indirect form of tax which is paid to the government by the customers or the end users of goods and services but via service providers. In other words, when a customer pays a … Continue reading
Posted in Accountancy
Tagged Abu Dhabi, Definition, Dubai, Example, Indirect Tax, Input VAT, Output VAT, Tax, UAE, Value Added Tax, VAT
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Brown Folder 