https://www.taxtmi.com/article/detailed?id=7327 A Value Added Tax will be levied on most supplies of goods and services in the UAE, with limited exemptions for basic food, healthcare, education and certain social services; tourists will pay VAT at point of sale. Only businesses meeting a minimum annual turnover must register, registration opens before the effective date, and registered suppliers must collect VAT and submit periodic electronic returns, typically quarterly. Implementation will require IT upgrades, staff training, contract adjustments, and likely engagement of VAT specialists. en-us Fri, 17 Mar 2017 11:16:33 +0530 Fri, 17 Mar 2017 11:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7327 A Value Added Tax will be levied on most supplies of goods and services in the UAE, with limited exemptions for basic food, healthcare, education and certain social services; tourists will pay VAT at point of sale. Only businesses meeting a minimum annual turnover must register, registration opens before the effective date, and registered suppliers must collect VAT and submit periodic electronic returns, typically quarterly. Implementation will require IT upgrades, staff training, contract adjustments, and likely engagement of VAT specialists. Articles Value Added Tax - VAT and CST Fri, 17 Mar 2017 11:16:33 +0530 https://www.taxtmi.com/article/detailed?id=7327