VAT will remain a major revenue generating tax for the UAE, with the total receipts distributed at the state level from the tax having reached over Dh95.4 billion since its implementation in 2018 until October 2021.
The likely implementation of e-invoicing will further reinforce the need for businesses to ensure that their VAT affairs are in order, according to new report from WTS Dhruva, the consultancy.
Source: gulfnews.com
