Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is levied in more than 180 countries around the world. The end-consumer ultimately bears the cost. Businesses collect and account for the tax on behalf of the government.
When it comes to VAT think of Blackstone Tax Consultants - local firm in Dubai for VAT implementation and analysis. VAT implementation support, with BSTC expert team brings you plan & review, evaluation of tax impact, execution of VAT system, other follow-up services. VAT is applicable to all kinds of goods and services. Percentage of VAT changes for each products and services in any kind of business process.
