Advantages and disadvantages of VAT Archives | Blog from OBM, Management and Financial Consultants

How does VAT affect the behavior of small companies?

By Own Business Management

July 22, 2017

How does VAT affect the behavior of small companies How does VAT affect the behavior of small companies: VAT (Value Added Tax) is used as primary indirect tax by the countries all over the world. The countries have thresholds depending on turnover, below which business do not need to register for VAT. The countries that […]

Advantages & Disadvantages of VAT

By Own Business Management

July 1, 2017

Advantages & Disadvantages of VAT VAT in UAE: VAT is tolerated by final consumers, so it is a consumption tax. Companies do not take the burden of VAT. Through a system of deductions it is claimed fractionally, where taxable persons can abstract the VAT liability amount which they paid to other taxable persons on business […]