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value added tax a value added tax vat known in some countries as a goods and services tax gst is a type of tax that is assessed incrementally based on the increase in value of a product or service at each stage of production or distribution vat essentially pensates for the shared services and infrastructure provided in a certain locality by a state and funded by its taxpayers that were used in the vat accounting tips vat uae vat tips is a bullet point section giving you lots of hints on how to effectively maintain your records as well as some general points generalities vat will be implemented on 01 01 2018 it is advisable for organizations not to bet on an implementation delay the gcc countries implementing the vat simultaneously are ksa uae qatar … invoice see also voucher an invoice is within the european union primarily legally defined by the eu vat directive as an accounting voucher to verify tax and vat reporting and secondly as a civil law mon law document an invoice bill or tab is a mercial document issued by a seller to a er relating to a sale transaction and indicating the products quantities and agreed prices for vat and the channel islands jersey guernsey etc the vat status of the channel islands jersey guernsey etc as they relate to a uk business whether vat needs to be charged understanding uae vat recoverable input tax exceldatapro vat is all set to be implemented in uae from jan 2018 article 54 to article 56 of uae vat law describes the conditions and eligibility of claiming uae vat recoverable input tax