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In this episode, Hilal and Hussain dive into one of the most practical topics for anyone living or doing business in the UAE—Value Added Tax (VAT). Since its introduction in 2018, VAT has become a part of everyday life, from shopping bills to business invoices. But even though the rate is a flat 5%, many people still struggle with calculating it correctly.
Hilal and Hussain break down VAT in the simplest way possible. They explain how to add 5% to a base amount, how to figure out the VAT included in a total bill, and why a VAT calculator is the easiest tool for avoiding mistakes. Whether you’re an individual managing your budget or a business owner preparing invoices, accuracy matters—not just for financial planning but also for compliance with UAE regulations.
This conversation highlights real-life examples, from everyday purchases to business expenses, showing how a VAT calculator can save you time, effort, and stress. By the end of this episode, you’ll understand exactly how the 5% VAT works and how to stay one step ahead when it comes to managing your money in the UAE.
In this episode, Hilal and Hussain dive into one of the most practical topics for anyone living or doing business in the UAE—Value Added Tax (VAT). Since its introduction in 2018, VAT has become a part of everyday life, from shopping bills to business invoices. But even though the rate is a flat 5%, many people still struggle with calculating it correctly.
Hilal and Hussain break down VAT in the simplest way possible. They explain how to add 5% to a base amount, how to figure out the VAT included in a total bill, and why a VAT calculator is the easiest tool for avoiding mistakes. Whether you’re an individual managing your budget or a business owner preparing invoices, accuracy matters—not just for financial planning but also for compliance with UAE regulations.
This conversation highlights real-life examples, from everyday purchases to business expenses, showing how a VAT calculator can save you time, effort, and stress. By the end of this episode, you’ll understand exactly how the 5% VAT works and how to stay one step ahead when it comes to managing your money in the UAE.