Value added tax in the UAE report

valuateation Project Value Added evaluate ( tubful) Section: BAAC01 Course Code: BMAC 480 Instructor: Ms. Catherine Hill Semester1 2009 - 2010 Table of contents Introduction..2 What is ad valorem tax? How vat deeds in an any(prenominal) separate(prenominal) countries2 bath plans in the UAE....3 Cannons of Taxations Evaluation of Implemented VAT....4 Evaluation of projected VAT in the UAE...5 Conclusion....

6 References8 Introduction No one batch perhaps deny that on that point argon numerous kinds of prize which are employ in many countries. Every orbit has its testify taxes policies and procedures. In this report, we turn out detail a display case of tax which is Value Added Tax (VAT). This tax hasnt been enforced in either countries such as United States and United Arab Emirates. Therefore, we are determine to prepare a report to asses Value Added Tax in other countries economic inspiration Adams Smiths canons of taxation. After that, we will use the VATs escort of those countries in order to help Emirati businesses to understand the existent idea of VAT. Furthermore, we will carry any UAEs plans or proposals more or less VAT in our project. What is VAT? How VAT works in other countries: VAT in general is applied to all(prenominal) goods and services in nigh countries such as unsanded Zealand, however, few countries had exempted a occur of products from VAT. For example, most food, drink, childrens clothes and other things which are considered to be necessities bugger off no VAT on them. Moreover, VAT is a consumption tax since it is paid just by the final customers, so it isnt one of the businesss charges. Despite this fact, the vender of the goods who is the taxable person presents the VAT to tax authorities, not the vendee of the goods. As a result of that, VAT is an indirect tax. Furthermore, the users of this... If you deprivation to get a abounding essay, order it on our website: Ordercustompaper.com

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