Value added tax in the UAE report

Taxation Project Value Added Tax ( tubful) Section: BAAC01 word form Code: BMAC 480 Instructor: Ms. Catherine Hill Semester1 2009 - 2010 Table of contents entree..2 What is ad valorem value? How vat deeds in an just about opposite(prenominal) countries2 vat 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 can perchance deny that there argon numerous kinds of assess which are applied in many countries. Every country has its attest taxes policies and procedures. In this report, we will detail a type of tax which is Value Added Tax (VAT). This tax hasnt been enforced in both countries such as United States and United Arab Emirates. Therefore, we are set to prepare a report to asses Value Added Tax in other countries using Adams Smiths canons of taxation. After that, we will use the VATs see to it of those countries in order to help Emirati businesses to understand the real root of VAT. Furthermore, we will contain any UAEs plans or proposals about 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 some countries such as unsanded Zealand, however, few countries had exempted a number of products from VAT. For example, most food, drink, childrens clothes and other things which are considered to be necessities have no VAT on them. Moreover, VAT is a consumption tax! since it is paid entirely by the nett customers, so it isnt one of the businesss charges. Despite this fact, the vendor of the goods who is the taxable person presents the VAT to tax authorities, not the purchaser of the goods. As a result of that, VAT is an indirect tax. Furthermore, the users of this... If you privation to get a full essay, order it on our website: BestEssayCheap.com

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