Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT are 5 percentage ,Zero percentage and exempted. The Federal Tax Authority (FTA) was established under Federal Law by Decree No. 13 of 2016. The FTA takes charge of managing and collecting taxes and related fines. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services.
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