What is VAT Registration?
VAT registration in UAE is an essential part of any business. Keeping track of your tax returns and documenting transactions will ensure you’re complying to business regulations. And, you’ll be able to claim back expenses too.
VAT stands for value added tax. It’s a tax that is added onto goods and services and provides extra support for the government, so they can build and improve on public services. In the UAE, the rate of VAT is 5%. This small percentage is added onto invoices and charged to your client or customer.