Opportunities for Indian CA’s as UAE to implement VAT

United Arab Emirates (UAE) will be introducing Value Added Tax (VAT) from January 1, 2018. After UAE, other Gulf countries will also be implementing the new tax.

This has led to a demand for Indian experts to help businesses there understand the indirect tax system. In fact, Indian professionals find the tax in UAE much simpler than the Indian GST.

The VAT in UAE appears to be easier as compared to GST of India. There are no multiple schedules of rates. All taxable services or goods are charged at 5%. There is a category of zero rates, besides exempt goods and services. Under zero rate category, the business need not pay tax but can claim input credit for the levy paid earlier.

Source: Times of India

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