VAT A value-added tax (VAT) is a form of tax that is levied gradually. It is applied to the price of a product or service. Usually applied at each stage of manufacture, distribution, or sale to the end user. The final customer can reclaim the VAT tax paid if they are a firm that collects… Read More »
The application of Value Added Tax will be revolutionary for the country as it will not only benefit the growth of the economy but will also support the progress of the country as a whole. This would prove to be one of the critical steps that the state takes to expand its economy. Oman would… Read More »
As more and more governments view value-added tax (VAT) as part of an overall solution to boost their economies, they have also taken a harder look at VAT fraud and its ramifications, said an industry expert. Countries over the world and particularly the UAE have taken special measures to ensure that fraudsters and violations are… Read More »
