https://www.beaufort.ae/vat-consultancy/
**Value Added Tax (VAT)** is a consumption tax applied to the value added at each stage of the production and distribution process of goods and services. It is typically a percentage of the sales price and is collected by businesses on behalf of the government. The buyer of the product or service ultimately pays the VAT, while the seller remits it to the government. ### **Need for VAT** 1. **Revenue for Government**: VAT is a significant source of revenue for governments. It helps fund public services and infrastructure. 2. **Broad Tax Base**: V
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