The VAT value is equal to the added tax and is mandatory for all goods and services. Currently, around 160 countries have implemented VAT or similar taxation systems
according to their laws and regulations and acceptance of this taxation regime is increasing rapidly worldwide. If you still have not registered your organization for
VAT, this is the first task that needs to be completed. When they start working, VAT returns are filed by the services. The GCC countries have thus
committed to the implementation of VAT and it was competitive for withdrawals with a tax rate of 5% as of January 1, 2018.
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