Value Added Tax (VAT), an indirect taxation method, is sometimes referred to as a general consumption tax. In nations where VAT is implemented, it is imposed on the majority of goods and services involved in transactions.
Are you the owner of a business? If so, you must be familiar with the concept of bookkeeping, which can be quite challenging if not done correctly, right? Well, worry no more because you've come to the right place.
It has been two years since the introduction of VAT in the UAE, and most businesses in the region are well aware of the significance of VAT registration with the Federal Tax Authority (FTA).