Value-Added Tax (VAT) will significantly affect nearly every UAE resident and tourist – and not just businesses – when it is implemented from January 1, 2018. The VAT rate is confirmed at 5 per cent, with a zero rate for some supplies. So how will it impact your monthly budget? Find out now:
Category | Amount Paid | Vat Rate | Tax Paid |
Total |
Total Impact |
Increase in expenses: | 0.05 ↑ |
VAT Impact on Expenses: | 0.00 % |
Decrease in savings: | 0.00 % ↓ |
Current | After VAT |
Total Salary | ||
Total expenditures | ||
Total savings |
Info Tags: utilities | passport validator | visa calculator