Overview of the law and tax
Labor Law Rahman Ali (2022-11-24)
According to the Federal Tax Authority’s website, the implementation of VAT and other taxes aims to raise revenue through several mechanisms. This is done to ensure that government departments can sustain the standards established and provide good amenities and life quality to future generations.
These programs are also in place as a means of rectifying habits that are harmful to society. One example is the imposition of excise charges on goods that are damaging to the wellness of UAE residents. Among these items are carbonated beverages, energy drinks, and cigarettes. With the introduction of VAT came the requirement for tax registration numbers and TRN verification.