Vat Impact On Company Profit

Value Added Tax (VAT) started in the UAE on January 1, 2018, with a 5% rate. All businesses must register for VAT to follow the UAE VAT law. VAT is a type of tax that affects how a business works and how much profit it makes. When a business is registered for VAT, it must keep proper records, like tax papers and business accounts, so the government can check if everything is correct. The expert team at Mubarak Al Ketbi says that VAT will have a big effect on how businesses grow and how the UAE economy improves in the future.