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UAE is implementing Indirect Taxation . I have experience in Indirect Taxation like VAT, Service Tax and Excise I can give answers/opinion on above?

Indirect Taxation
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Question added by Sanjay Sutar , Part time Consultant , XYZ Co
Date Posted: 2016/10/19
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Manoj Agarwal
by Manoj Agarwal , AGM – Finance , Dabur International Limited, Dubai, UAE

§Value Added Tax (VAT) is an indirect tax on consumption and it applies to most goods and services. VAT is levied on business transactions, i.e. on goods and services supplied in the course of business. §Although VAT applies to most goods and services, in countries where VAT operates there are normally some exceptions.

 

§The Gulf Cooperation Council (GCC) States are expected to adopt a standard VAT system with a single rate applying to most goods and services and potentially some limited exceptions such as basic food items, healthcare and education.

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