The UAE introduced Value Added Tax (VAT) on January 1, 2018, at a standard rate of 5% on most goods and services. Two terms you’ll hear a lot are Input VAT and Output VAT, and knowing how they work can make a big difference to your finances.
Simply put, Output VAT is the tax you collect from your customers when you sell goods or services, while Input VAT is the tax you pay to your suppliers when buying goods or services for your business. The difference between the two determines whether you owe money to the Federal Tax Authority (FTA) or can claim a refund.
Knowing the difference between Input and Output VAT in UAE can save your business money and help keep your cash flow healthy.
If you want to make VAT easy and stress-free, experts like Shuraa Tax can help with registration, filings, and ongoing guidance. Get in touch today.
د.إ - AED (United Arab Emirates Dirham)
| Link to details | Visit Link Here |
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| Phone | +97144081900 |
| Currency | د.إ - AED (United Arab Emirates Dirham) |
| Distance | Unknown |
| Address | Aspin Commercial Tower , 601, Sheikh Zayed Road, Dubai, UAE. |
| Category | Finance, Security, Law |
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